COMMODITY REPORT FOR TODAY

Precious Metals
S I L V E R  G O L D

Gold again crossed Rs 29,000 per ten gram level in futures trade today by rising 0.42 per cent 

as speculators engaged in creating positions amid a firming trend overseas.Besides, covering up of short positions by speculators and increased demand at spot markets ahead of festive season also influenced gold futures prices here, traders said.

At the Multi Commodity Exchange, metal prices for delivery in October gained Rs 122, or 0.42 

per cent, to trade above Rs 29,000 level at Rs 29,045 per ten gram in a turnover of 422 lots.

On the similar lines, the metal prices for delivery in far-month December edged up by Rs 111, or 0.39 per cent, to Rs 28,903 per 10 gm, clocking a business volume of 21 lots.

Tracking a firming trend overseas, silver prices rose by 0.41 per cent to trade at nearly four-month high of Rs 47,024 per kg in futures trade today as speculators created huge positions.

At the Multi Commodity Exchange, silver prices for delivery in far-month December contracts rose by Rs 190, or 0.41 per cent, to Rs 47,024 per kg, a level last seen in April, in business turnover of 98 lots.

Similarly, the white metal prices for delivery in September traded Rs 172, or 0.38 per cent, higher at Rs 46,033 per kg in a turnover of 1,748 lots.

Base Metals & Energy

C O P P E R        C R U D E O I L

Continuing its rising streak, copper prices rose further by 0.65 per cent to Rs 450.10 per kg in 

futures trade today as speculators indulged in enlarging positions, driven by a firming trend in 

the global market.

At the Multi Commodity Exchange, copper for delivery in August gained Rs 3.90, or 0.65 per 

cent, to Rs 450.10 per kg in business turnover of 1,962 lots.

The metal for delivery in November traded higher by RS 2.35, or 0.52 per cent, to Rs 457 per kg in 170 lots.

Meanwhile, copper rose 0.3 per cent to USD 7,272 a tonne on the London Metal Exchange.

Supported by rising demand from alloy-makers and firming global trend, nickel prices were up 

by 1.14 per cent to Rs 911.70 per kg in futures trade today as speculators created fresh positions.

At the Multi Commodity Exchange, nickel for delivery in August rose by Rs 10.30, or 1.14 per 

cent to Rs 911.70 per kg in business turnover of 1,409 lots.

Likewise, the metal for September contract added Rs 9.40, or 1.03 per cent, to Rs 918.30 per kg in 95 lots.

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