Precious Metals
SILVER GOLD
D A I L Y B U Z Z
Gold futures prices today fell by 1.06 per cent to Rs 31,291 per 1 0 grams as speculators offloaded their positions in tandem with a weak global trend amid strengthening rupee.
At the Multi Commodity Exchange, gold prices for delivery in far-month December fell by Rs 334, or 1.06 per cent, to Rs 31,291 per 10 grams in business turnover of 92 lots.
Similarly, metal prices for delivery in October declined by Rs 327, or 1.04 per cent, to Rs 31,213 per ten grams in 1,269 lots.
Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas on speculation that the US Federal Reserve will start to pare stimulus from next week, and as a bid to avert military action in Syria eroded haven demand.
Besides, strengthening rupee, making imports of dollar-quoted precious metal cheaper, also helped gold to trade lower, they said.
Meanwhile, gold prices fell 0.8 per cent to USD 1,375.81 an ounce in Singapore.
SILVER GOLD
D A I L Y B U Z Z
Gold futures prices today fell by 1.06 per cent to Rs 31,291 per 1 0 grams as speculators offloaded their positions in tandem with a weak global trend amid strengthening rupee.
At the Multi Commodity Exchange, gold prices for delivery in far-month December fell by Rs 334, or 1.06 per cent, to Rs 31,291 per 10 grams in business turnover of 92 lots.
Similarly, metal prices for delivery in October declined by Rs 327, or 1.04 per cent, to Rs 31,213 per ten grams in 1,269 lots.
Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas on speculation that the US Federal Reserve will start to pare stimulus from next week, and as a bid to avert military action in Syria eroded haven demand.
Besides, strengthening rupee, making imports of dollar-quoted precious metal cheaper, also helped gold to trade lower, they said.
Meanwhile, gold prices fell 0.8 per cent to USD 1,375.81 an ounce in Singapore.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Amid a weak trend overseas and profit-booking by speculators, copper prices fell by 0.86 per cent to Rs 478.50 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in February month fell by Rs 4.15, or 0.86 per cent, to Rs 478.50 per kg in business turnover of 64 lots.
Similarly, the metal for delivery in November traded lower by Rs 4, or 0.84 per cent, to Rs 469.40 per kg in 2,640 lots.
Nickel prices moved down by 1.37 per cent to Rs 892.50 per kg in futures trade today due to sluggish demand from alloy-makers in the spot market amid a weak global trend.
At the Multi Commodity Exchange, nickel for delivery in October month declined by Rs 12.40, or 1.37 per cent to Rs 892.50 per kg in a turnover of 60 lots.
Similarly, the metal for delivery in September traded lower by Rs 12.10, or 1.35 per cent to Rs 884.20 per kg in 1,005 lots.
Crude oil futures price today dipped 1.32 per cent to Rs 6,963 per barrel, as speculators trimmed positions at prevailing levels amid a weakening trend in the Asian trade as fears of a possible US-led strike on Syria eased.At the Multi Commodity Exchange, crude oil for delivery in September fell by Rs 93, or 1.32 per cent, to Rs 6,963 per barrel in 3,196 lots.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
Soybean prices hardened by Rs 69.50 to Rs 3,561 per quintal in futures trading today on traders' buying on the back of firm overseas markets sentiment.
Marketmen said thin supply and pick up in domestic demand mainly supported the upsurge in futures trade.
At the National Commodity and Derivatives Exchange, soybean prices for far January contract spurted by Rs 69.50, or 1.91 per cent to Rs 3,561 per quintal, with an open interest of 3,090 lots.
Most active near November contract surged by Rs 63.50, or 1.79 per cent to Rs 3,508 per quintal, having an open interest of 1,14,030 lots.
Mentha oil prices edged up by Rs 1.50 to Rs 948.50 per quintal in futures today as speculators enlarged positions after pick up in demand in the spot market.
At the Multi Commodity Exchange, mentha oil for delivery in September edged up by Rs 1.50, or 0.16 per cent to Rs 948.50 per kg in business turnover of 619 lots.
Likewise, the oil for delivery in October traded marginally higher by 20 paise, or 0.02 per cent to Rs 962.60 per kg in 85 lots.
