Precious Metals
GOLD SILVER
D A I L Y B U Z Z
Gold prices fell by 0.49 per cent to Rs 28,727 per ten grams in futures trade today as speculators offloaded their positions in tandem with a weak global trend as the Fed decided to trim monthly bond buying.
At the Multi Commodity Exchange, Gold for delivery in February fell by Rs 141, or 0.49 per cent to Rs 28,727 per ten grams in business turnover of 1922 lots.
Similarly, the yellow metal for delivery in April also moved down by Rs 131, or 0.46 per cent to Rs 28,150 per ten grams in 59 lots.
Meanwhile, gold fell 0.2 per cent to 1,215.93 dollar an ounce in Singapore.Silver prices plunged by 1.79 per cent to Rs 44,535 per kg in futures trading today as speculators reduced their holdings on the back of weak global trend as the US Fed decided to trim monthly bond purchases.
At the Multi Commodity Exchange, silver for delivery in March plunged by Rs 813, or 1.79 per cent, to Rs 44,535 per kg in business turnover of 4,442 lots.
Similarly, the white metal for delivery in May moved down by Rs 764, or 1.65 per cent to Rs 45,513 per kg in 74 lots.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Copper prices slide by 0.10 per cent to Rs 466.45 per kg in futures trading today as speculators trimmed their positions, tracking a weak global trend as the dollar strengthened, reducing appeal of industrial
metals as an alternate investment.
At the Multi Commodity Exchange, copper for delivery in April next year declined by 45 paise, or 0.10 per cent to Rs 466.45 per kg in business turnover of 113 lots. In a similar fashion, the metal for delivery in February shed 25 paise, or 0.05 per cent to Rs 461.25 per kg in 1396 lots.
Analysts said speculators trimming their positions, tracking a weak global trend as the dollar strengthened after the Federal Reserve decided to taper its monthly bond purchases, reducing the appeal of industrial metals as an alternative investment. Meanwhile, copper for delivery in three months dropped 0.6 per cent to USD 7,226 a metric tonne on the London Metal Exchange.
Lead prices weakened by 0.15 per cent to Rs 134.15 per kg in futures trading today as speculators
reduced their positions on subdued spot market demand.
At the Multi Commodity Exchange, lead for delivery in December traded lower by 20 paise, or 0.15 per cent, to Rs 134.15 per kg in business turnover of 501 lots.
Likewise, the metal for delivery in January shed 10 paise, or 0.07 per cent to Rs 135.55 per kg in 90 lots.
