Precious Metals
SILVER GOLD
D A I L Y
B U Z Z
Gold prices declined by 0.38 per cent to Rs 29,760 per ten grams in futures trade today as speculators trimmed their positions on weakening global trend.
At the Multi Commodity Exchange, Gold for delivery in December fell by Rs 114, or 0.38 per cent, to Rs 29,760 per ten grams in business turnover of 1,472 lots.
Similarly, the yellow metal for delivery in October traded lower by Rs 101, or 0.33 per cent, to Rs 30,324 per ten grams in 355 lots.
Market analysts said speculators trimmed their positions in tandem with a weak global trend on speculation that any US government shutdown will be short-lived, mainly influenced the sentiment.
Meanwhile, gold fell by 0.3 per cent to $1,324.95 an ounce in Singapore.
Base Metals & Energy
COPPER CRUDEOIL
D A I L Y B U Z Z
Copper prices fell by 0.42 per cent to Rs 464.45 per kg in futures trade today as speculators offloaded their positions, taking negative cues from overseas markets.
Sentiment turned bearish after copper fell for the first time in five days in global markets on concern that the first US government shutdown in 17 years may curb demand.
At the Multi Commodity Exchange, copper for delivery in November fell by Rs 1.95, or 0.42 per cent to Rs 464.45 per kg in business turnover of 5,578 lots.
Similarly, the metal for delivery in February traded lower by Rs 1.35, or 0.28 per cent to Rs 474.90 per kg in 252 lots.
Nickel prices weakened by 0.18 per cent to Rs 876 per kg in futures trade today as speculators offloaded their positions on the back of subdued demand from alloy -makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in October declined by Rs 1.60, or 0.18 per cent, to Rs 876 per kg in business turnover of 1,185 lots.
Similarly, the metal for delivery in November traded marginally lower by 50 paise, or 0.06 per cent, to Rs 886.20 per kg in 33 lots.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
Cardamom prices fell by 1.11 per cent to Rs 764.80 per kg in futures trading today as speculators trimmed position, tracking a weak trend at spot market due to sluggish demand.
Further, adequate stocks availability in the spot market following increased arrivals from producing regions also put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in November fell by Rs 8.50, or 1.11 per cent to Rs 754.80 per kg in business turnover of 155 lots.
Similarly, the spice for delivery in October traded lower by Rs 5.50, or 0.76 per cent to Rs 715.30 per kg in 310 lots.
Market analysts said offloading of positions by speculators, tracking a weak trend at spot market on sluggish demand against adequate supplies from producing regions, mainly influenced cardamom prices at futures trade.
