Tuesday, April 2, 2013

MCX Commodity Updates ~ Gold, Silver, Copper, Crude Oil Tips Today 02 April 2013

Gold prices recovered by Rs 130 to Rs 30,200 per ten grams in the national capital today on fresh buying by stockists. However, silver held steady at Rs 53,500 per kg on lack of buying support from industrial units and coin makers. On the domestic front, gold of 99.9 and 99.5 per cent purity recovered by Rs 130 each to Rs 30,200 and Rs 30,000 per ten grams, respectively, while sovereign held steady at Rs 25,250 per piece of eight gram. On the other hand, silver ready held steady at Rs 53,500 per kg while weekly-based delivery lost Rs 150 at Rs 53,750 per kg on lack of speculators buying support.

Base metal prices fell up to Rs 5 per kg on the local non-ferrous metals market today on stockists selling in tandem with a weak Asian trend. Meanwhile, copper for delivery in July fell 2 per cent to close at USD 8,656 a tonne, the lowest level since July 25 on the Shanghai Futures Exchange. In the national capital, copper and nickel (4x4) fell Rs 5 each to Rs 432 and Rs 1,052-1,055 per kg, respectively. Zinc ingot, lead ingot and lead imported were also traded lower by Rs 2 each to Rs 123-129, Rs 142 and Rs 140 per kg, respectively.