Precious Metals
D A I L Y B U Z Z
GOLD
At 10:54 hrs MCX GOLD February contract was trading at Rs 29750 up Rs 12, or 0.04 percent. The GOLD rate touched an intraday high of Rs 29820 and an intraday low of Rs 29707. So far 808 contracts have been traded. GOLD prices have moved up Rs 3054, or 11.44 percent in the February series so far. MCX GOLD April contract was trading at Rs 29054 down Rs 2, or 0.01 percent. The GOLD rate touched an intraday high of Rs 29130 and an intraday low of Rs 29006. So far 309 contracts have been traded. GOLD prices have moved up Rs 2404, or 9.02 percent in the April series so far. MCX GOLD June contract was trading at Rs 28570 up Rs 50, or 0.18 percent. The GOLD rate touched an intraday high of Rs 28590 and an intraday low of Rs 28504. So far 30 contracts have been traded. GOLD prices have moved up Rs 902, or 3.26 percent in the June series so far.
Base Metals & Energy
D A I L Y B U Z Z
COPPER
Amid weak global cues and subdued domestic demand, copper prices fell by 0.26 per cent to Rs 457.75 per kg in futures trade today on speculators reducing their positions.
At the Multi Commodity Exchange, copper for delivery in far-month April fell by Rs 1.20, or 0.26 per
cent, to Rs 457.75 per kg in business turnover of 231 lots.
Similarly, the metal for delivery in February traded lower by Rs 1.15, or 0.25 per cent, to Rs 451.70 per kg in 6,955 lots. Analysts attributed the fall in copper futures to weak global trend as China's
manufacturing contracted and the US Federal Reserve reduced economic stimulus and subdued spot
demand.
Meanwhile, copper for delivery in three months slumped as much as 0.20 per cent to USD 7,110 a tonne, the lowest level since December 9 on the London Metal Exchange.
