Precious Metals
SILVER GOLD
DAILY BUZZ
Gold futures prices today fell by 1.52 per cent to Rs 29,669 per 10 grams as speculators
offloaded their positions, taking weak cues from the global market amid rising rupee.
Besides, subdued spot demand and profit-booking by speculators also put pressure on gold futures.
At the Multi Commodity Exchange, gold prices for delivery in October fell by Rs 459, or 1.52 per cent, to Rs 29,669 per 10 grams in business turnover of 2,853 lots.
Similarly, metal prices for delivery in far-month December declined by Rs 430, or 1.44 per cent, to Rs 29,526 per 10 grams in 291 lots.
Analysts said the fall in gold futures was mostly attributed to a weak trend in the Asian region and a rising rupee, which made dollar-quoted precious metal cheaper.
Globally, gold prices fell $ 4.20, or 0.32 per cent to trade at $ 1,323.70 an ounce in Singapore.
Base Metals & Energy
COPPER CRUDE OIL
DAILY BUZZ
Nickel prices surged by 0.32 per cent to Rs 885 per kg in futures trade today as speculators enlarged their positions on the back of strong demand from alloy -makers in the spot market amid a firming global trend.
At the Multi Commodity Exchange, nickel for delivery in October month up by Rs 2.80, or 0.32
per cent, to Rs 885 per kg in business turnover of 166 lots.
In a similar fashion, the metal for delivery in September edged higher by Rs 2.60, or 0.30 per
cent, to Rs 876.10 per kg in 1,887 lots.
Lead prices rose by 0.37 per cent to Rs 135.80 per kg in futures market today as speculators
built-up positions, driven by pick-up in demand from battery makers in the spot market amid a
firm global trend.
At the Multi Commodity Exchange, lead for delivery in October rose by 50 paise, or 0.37 per
cent, to Rs 135.80 per kg in business turnover of 83 lots.
Likewise, the metal for delivery in September traded higher by 35 paise, or 0.26 per cent, to Rs
134.70 per kg in 1,889 lots.
Market analysts attributed the rise in lead prices at futures trade to rising demand from battery -
makers in the spot market and a firming trend in the global market.
