Precious Metals
GOLD SILVER
D A I L Y B U Z Z
Taking weak cues from the global market and profit-booking by speculators, silver futures prices today fell sharply by Rs 1,973, or 3.33 per cent, to Rs 57,260 per kg.
Analysts said a weak trend in the overseas markets on mounting concern over the US Fed scaling back stimulus and profit-booking by speculators after recent gains, weighed on silver futures prices.
At the Multi Commodity Exchange, silver prices for delivery in December fell by Rs 1,973, or 3.33 per cent, to Rs 57,260 per kg in business turnover of 3,862 lots.
Similarly, the white metal prices for delivery in September lost Rs 1,831, or 3.20 per cent, at Rs 55,477 per kg in 31 lots.
Meanwhile, silver shed 1.85 per cent to USD 23.83 an ounce in Singapore today.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Tracking a weak trend in base metals overseas and subdued spot demand, zinc futures prices today fell 0.84 per cent to Rs 129.10 per kg as speculators reduced positions.
At the Multi Commodity Exchange, zinc prices for delivery in September declined by Rs 1.10, or 0.84 per cent, to Rs 129.10 per kg in business turnover of 227 lots.
Likewise, the metal prices for delivery in October traded lower by Rs 1.05, or 0.80 per cent, to Rs 130.30 per kg in just one lot.
Aluminium prices edged lower by 0.92 per cent to Rs 123.90 per kg in futures trade today as participants trimmed positions, tracking a weak overseas trend.
At the Multi Commodity Exchange, aluminium for delivery in October shed Rs 1.15, or 0.92 percent, to Rs 123.90 per kg in business turnover of 20 lots.
Likewise, the metal for delivery in September traded lower by Rs 1.10, or 0.89 per cent, to Rs 122.65 per kg in 242 lots.
Crude oil futures prices today fell by 1.82 per cent to Rs 7,392 per barrel, after speculators reduced exposures amid a mixed trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 137, or 1.82 percent, to Rs 7,392 per barrel in 1,246 lots.Oil for September delivery moved down by Rs 132, or 1.76 per cent to Rs 7,375 per barrel in a turnover of 12,442 lots.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
Cardamom prices recovered by 0.58 per cent to Rs 833 per kg in futures market today as speculators created fresh positions after an improvement in demand in the spot market amid restricted arrivals from producing regions.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 4.80, or 0.58 per cent to Rs 833 per kg in business turnover of 51 lots.
Likewise, the spice for delivery in October traded higher by Rs 1.50, or 0.19 per cent to Rs 793 per kg in 116 lots.
Market analysts said the rise in cardamom prices at futures trade was mostly attributed to speculators creating fresh positions after an improvement in demand in the spot market amid restricted arrivals from producing regions.
