Precious Metals
GOLD SILVER
D A I L Y B U Z Z
Gold prices fell by Rs 160 to Rs 30,000 per ten grams in the national capital on Wednesday on sustained selling by stockists against sluggish demand amid a weak global trend.
Silver also dropped by Rs 1,050 to Rs 44,300 per kg on reduced offtake by industrial units, particularly coin makers, amid weak global cues.
In Mumbai, gold of 99.9 and 99.5 per cent purity traded at Rs 29,850 and Rs 29,700 per ten grams, respectively, while silver enquired at Rs 45,000 per kg.
Traders said sustained selling by stockists against sluggish demand and a weak global trend as strengthening dollar reduced the metal's appeal as an alternative investment mainly led to the fall in the prices of the precious metal.
Gold in Singapore, which normally sets price trend on the domestic front, fell 0.5 per cent to $1,225.71 an ounce and silver by 1.1 per cent to $19.64 an ounce.
At the domestic front, gold of 99.9 and 99.5 per cent purity fell further by Rs 160 each to Rs 30,000 and Rs 29,800 per ten grams, respectively. Sovereign declined by Rs 100 to Rs 25,000 per piece of eight gram.Silver ready dropped by Rs 1,050 to Rs 44,300 per kg and weekly-based delivery by Rs 1,200 to Rs 44,300 per kg.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Nickel prices moved up by 0.13 per cent to Rs 852.20 per kg in futures trade today as speculators
enlarged their positions driven by rising demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in January gained Rs 1.10, or 0.13 per cent, to Rs 852.20 per kg in a business turnover of 1,411 lots.
Similarly, the metal for delivery in February moved up by 90 paise, or 0.10 per cent, to Rs 860.40 per kg in 44 lots.
GOLD SILVER
D A I L Y B U Z Z
Gold prices fell by Rs 160 to Rs 30,000 per ten grams in the national capital on Wednesday on sustained selling by stockists against sluggish demand amid a weak global trend.
Silver also dropped by Rs 1,050 to Rs 44,300 per kg on reduced offtake by industrial units, particularly coin makers, amid weak global cues.
In Mumbai, gold of 99.9 and 99.5 per cent purity traded at Rs 29,850 and Rs 29,700 per ten grams, respectively, while silver enquired at Rs 45,000 per kg.
Traders said sustained selling by stockists against sluggish demand and a weak global trend as strengthening dollar reduced the metal's appeal as an alternative investment mainly led to the fall in the prices of the precious metal.
Gold in Singapore, which normally sets price trend on the domestic front, fell 0.5 per cent to $1,225.71 an ounce and silver by 1.1 per cent to $19.64 an ounce.
At the domestic front, gold of 99.9 and 99.5 per cent purity fell further by Rs 160 each to Rs 30,000 and Rs 29,800 per ten grams, respectively. Sovereign declined by Rs 100 to Rs 25,000 per piece of eight gram.Silver ready dropped by Rs 1,050 to Rs 44,300 per kg and weekly-based delivery by Rs 1,200 to Rs 44,300 per kg.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Nickel prices moved up by 0.13 per cent to Rs 852.20 per kg in futures trade today as speculators
enlarged their positions driven by rising demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in January gained Rs 1.10, or 0.13 per cent, to Rs 852.20 per kg in a business turnover of 1,411 lots.
Similarly, the metal for delivery in February moved up by 90 paise, or 0.10 per cent, to Rs 860.40 per kg in 44 lots.
