Further, lower demand in the spot market also put pressure on cardamom prices in futures trade
Speculators indulged in creating fresh positions supported by pick up in demand in the spot market
Investment experts are advising caution but with the price fall and easing of curbs, there's been a surge in gold imports last month and this, with the trend expected to stay this way for a while
This Akshaya Tritiya they are expecting much better sales than the last two years
Over the long term, gold jewellery demand in India is supported by cultural underpinnings in India, evolving lifestyle and growing disposable income
With projects worth billions of dollars in the pipeline, Middle East is a key market offering numerous attractive opportunities
However, higher supply from mills restrict the rise
Higher supplies from producing belts adds to pressure on prices
Speculators enlarge positions as metal rules firm in London
Speculators reduced their positions amid sluggish demand from consuming industries in the spot market
Speculators created fresh positions amid weak cues from spot markets on pick up in demand from alloy makers
Likewise, oil for delivery in May rose by Rs 1.10 or 0.25% to Rs 440 per 10 kg, in 20 lots
Traders reduced holdings amid sluggish spot demand amid profit-booking
The rise was fuelled by sustained unrest in the crude-rich Middle East
Speculators indulged in created fresh positions amid pick up in demand in the spot market and a firm global trend
Pick-up in demand from consuming industries in the spot market also supported the upside
Akshaya Tritiya, considered an auspicious day to buy gold, falls on April 21
Reduction is Rs 200 a tonne for lumps and Rs 500 a tonne for fines