Mentha oil trades flat on lower demand

NEW DELHI: Mentha oil appeared lacklustre in the domestic futures market in Thursday's session as speculators trimmed positions, triggered by muted demand from consuming industries at the spot market.

Around 11:50 am, the MCX Mentha oil traded almost flat at Rs 1,616 per kg.

"The commodity may see a lower correction towards Rs 1,575-1,560, while trading below Rs 1,650," Geojit Financial Services said in a report.


Gold price advanced in the domestic futures market in Thursday's trade on healthy buying by local jewellers at the spot market even as positive trend overseas bolstered the gains further.