Thursday, April 4, 2013

MCX Commodity Market Updates Today 04 April 2013


Silver prices fell by 1.10 per cent to Rs 51,984 per kg in futures trade today as speculators trimmed their positions largely in tune with a weakening trend overseas after a stronger dollar reduced demand for safe haven. At the Multi Commodity Exchange, Silver for delivery in far-month July traded lower by Rs 577, or 1.10 per cent, to Rs 51,984 per kg in business turnover of 190 lots. Similarly, the white metal for delivery in May declined by Rs 553, or 1.07 per cent, to Rs 50,920 per kg in business volume of 2,844 lots.

Taking cues from global markets and subdued demand from domestic consuming industries, lead prices eased by 0.31 per cent to Rs 112.50 per kg in futures trade today as speculators reduced their exposures. At the Multi Commodity Exchange, lead for delivery in May fell 35 paise, or 0.31 per cent, to Rs 112.50 per kg in business turnover of 91 lots. On similar lines, the metal for delivery in April shed 30 paise, or 0.27 per cent, to Rs 111.85 per kg in 1,862 lots. 
Amid a weak trend in the global markets and subdued domestic demand, nickel prices dropped 0.67 per cent to Rs 889.90 per kg in futures trade today as speculators reduced their positions. At the Multi Commodity Exchange, nickel for delivery in April dropped by Rs 4, or 0.67 per cent, to Rs 889.90 per kg in a business turnover of 716 lots. The metal for delivery in May also fell by Rs 6.10, or 0.67 per cent, to Rs 898.20 per kg in a turnover of 102 lots.

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