Tuesday, January 14, 2014


Precious Metals
Silver  Gold
                                                    D A I L Y B U Z Z
Snapping its three-day rising streak, gold prices today fell by Rs 15 to Rs 30,200 per ten grams
in the national capital on lower demand at existing higher levels.

However, silver managed to close steady at Rs 44,800 per kg on scattered buying support.

In Mumbai, gold of 99.9 and 99.5 per cent purity traded at Rs 30,025 and Rs 29,875 per ten grams, respectively; while silver enquired at Rs 45,500 per kg.

Traders said slackness in demand from retailers and jewellers at current levels mainly led to decline in gold prices.

On the domestic front, gold of 99.9 and 99.5 per cent purity declined by Rs 15 each to Rs 30,200 and Rs 30,000 per ten gram, respectively. It had gained Rs 215 in the last three sessions. Sovereign held steady at Rs 25,100 per piece of eight gram.

Silver ready too held steady at Rs 44,800 per kg, while weekly-based delivery by Rs 35 to Rs 44,765 per kg. Silver coins continued to trade at last level of Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.

Base Metals & Energy
Copper  Crude Oil
                                                    D A I L Y B U Z Z
Zinc and nickel prices rose at the non-ferrous metal market due to stockist buying amidst sustained demand from alloy industries on the back of bullish London Metal Exchange (LME) cues.

Tin dropped on stockist selling on the back of subdued offtake from industrial users. 

The industrial metal was trading higher at the LME, while nickel jumped more than 2 percent, adding to strong gains last week as a ban on unprocessed nickel laterite ore exports from top producer Indonesia came into effect, fanning a technical rally across other metals. 

Nickel climbed by Rs 5 per kg to Rs 1,000 from last Saturday's closing level of Rs 995. 

Zinc moved-up by Rs 4 per kg to Rs 172 from Rs 168. Copper sheet cutting inched-up by a Re per kg to Rs 483. Tin declined by Rs 7 per kg to Rs 1,533 as against Rs 1,540 previously. 

Copper scrap heavy, brass utensils scrap, brass sheet cutting, aluminium ingots and lead all softened by 

a Re per kg each to Rs 502, Rs 35 .