Precious Metals
D A I L Y B U Z Z
D A I L Y B U Z Z
Silver prices spurted by nearly 1 per cent to Rs 42,590 per kg in futures trade today as participants engaged in creating speculative positions, tracking a firming trend in base metals overseas.
At the Multi Commodity Exchange, silver for delivery in far-month December traded higher by Rs 417, or 0.99 per cent, to Rs 42,590 per kg in business turnover of 33 lots.
On similar lines, the metal for delivery in September traded Rs 290, or 0.94 per cent, higher at Rs 41,870 per kg in a turnover of 1,648 lots.
In the international market, silver climbed 1.2 per cent, to trade at USD 20.17 an ounce in Singapore.
Base Metals & Energy
D A I L Y B U Z Z
Supported by a firming trend in the global markets, copper prices today rose by 0.47 per cent to Rs 427.70 per kg in futures trade as speculators indulged in enlarging positions.
At the Multi Commodity Exchange, copper for delivery in November edged up by Rs 2, or 0.47 per cent, to Rs 427.70 per kg in business turnover of 103 lots.
Likewise, the metal for delivery in August traded higher by Rs 1.85, or 0.44 per cent, to Rs 421.90 per kg in 1,899 lots.
Lead futures prices today gained 0.44 per cent on rising demand at domestic spot markets amid a firming trend in the global markets after China released data showing the economy grew in line with expectations in the April-June quarter.
At the Multi Commodity Exchange, lead for delivery in August traded 55 paise, or 0.44 per cent, higher at Rs 125.30 per kg, with a turnover of 23 lots.
The metal for delivery in July also up by 45 paise, or 0.36 per cent, to trade at Rs 124.2 per kg, in a business turnover of 524 lots.
Nickel prices moved up by 0.34 per cent to Rs 833.70 per kg in the futures market today as speculators
enlarged their positions, tracking a firming trend in spot market on increased demand from alloy makers. At the Multi Commodity Exchange, nickel for delivery in August gained Rs 2.80, or 0.34 per cent, to Rs 833.70 per kg in business turnover of 38 lots.
Agro Outlook
D A I L Y B U Z Z
Cardamom prices fell by 2.16 per cent to Rs 670 per kg in futures trade today as speculators booked profits driven by sluggish demand in the spot market.
Adequate stocks availability in the physical market on increased arrivals from the producing belts also put pressure on the Cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 14.80, or 2.16 per cent, to Rs 670 per kg in business turnover of 88 lots.
Similarly, the spice for delivery in August traded lower by Rs 2, or 0.27 per cent, to Rs 752.20 per kg in 394 lots.
