Gold Silver Reports – Ahead of the New Year, Agri markets managed to stage a bounce back even as trading activities remained low in the mandis.
Traders anticipate the new year to bring in some positive sentiments for the Agri counters with recovery expected from these low levels.
Lower production prospects from a 2nd consecutive weak Monsoon in 2015, falling stocks amidst lower production reports in International markets also, falling Rupee, possibility of economic recovery in the International markets, could pull export demand up in 2016. Higher imports amidst rising prices in domestic and International markets too could pull up prices further. – Neal Bhai Reports