Precious Metals
SILVER GOLD
D A I L Y B U Z Z
Gold edged higher 0.17 per cent to Rs 28,423 per 10 gram in futures trade as participants enlarged positions amid positive Asian cues.
At the Multi Commodity Exchange, metal for delivery in far-month April contracts gained Rs 49, or 0.17 per cent, to trade higher at Rs 28,423 per 10 gram in a turnover of 834 lots.
Similarly, the metal for delivery in February contracts moved up by Rs 21, or 0.07 per cent, to Rs 29,040 per 10 gram, clocking a business volume of 834 lots.
Similarly, the metal for delivery in February contracts moved up by Rs 21, or 0.07 per cent, to Rs 29,040 per 10 gram, clocking a business volume of 834 lots.
Analysts said fresh positions built up by speculators in tune with a firming trend in the Asian region helped gold futures to trade higher.
Globally, gold rose 0.12 per cent to $1,243.50 an ounce in Singapore on Thursday.
Base Metals & Energy
LEAD NICKEL
D A I L Y B U Z Z
Lead futures prices rose marginally to Rs 136 per kg on rising spot demand and positive cues from global markets.
At the Multi Commodity Exchange, lead for delivery in January traded 25 paise, or 0.18 per cent higher at Rs 136 per kg, with a turnover of 597 lots.
The metal for delivery in February also rose by 15 paise, or 0.11 per cent to trade at Rs 137 per kg, in a
business turnover of 14 lots.
Extending its rising streak for yet another day, nickel prices moved up further by 0.25 per cent to Rs
895.40 per kg in futures market as speculators engaged in enlarging positions, tracking a firming trend
overseas and increased demand from alloy-makers.
At the Multi Commodity Exchange, nickel for delivery in January gained Rs 2.20, or 0.25 per cent, to Rs 895.40 per kg in business turnover of 513 lots. In a similar fashion, the metal for delivery in February rose Rs 1.60, or 0.18 per cent, to Rs 902.60 per kg in 50 lots.
Market analysts said apart from rising domestic demand from alloy-makers, firmness in copper and
other base metals at the London Metal Exchange (LME) on speculation that an improving global
economy will increase demand also influenced nickel futures prices.
