Red chilli and turmeric prices rose by R100 per quintal in the national capital on Thursday on fresh buying by retailers and stockists amid low stocks. Fall in supplies from producing belts also supported the upside in prices. Red chilli and turmeric prices rose by R100 each to settle at R6,600-11,600 and R6,400-9,700 per quintal, respectively. Traders said buying support from retailers and stockists against fall in supplies from producing belts, mainly pushed up chilli and turmeric prices on the wholesale kirana market.
Sugar prices lower by Rs.20/quintal
Sugar prices softened marginally by R20 per quintal in the national capital on Thursday following increased selling by mills. Marketmen said selling pressure from mills because of the month-end mainly put weight on sweetener prices.
Gold futures decline on global cues
Tracking a weak global trend, gold prices declined by R74 to R30,788 per 10 grams in futures trade on Thursday as speculators offloaded their positions. At the Multi Commodity Exchange, gold for delivery in April declined by R74, or 0.24% to R30,788 per 10 grams in business turnover of 6,053 lots. Similarly, the yellow metal for delivery in February lost R67, or 0.22% to R30,150 per 10 grams. Analysts said the fall in prices at futures trade was in line with a weakening trend in global markets as investors booked profits at current levels.