Thursday, February 20, 2014


Precious Metals
                                                             D A I L Y B U Z Z
Gold prices moved down by 0.41 per cent to Rs 29,650 per 10 grams in futures trade today after participants offloaded partial positions on weak cues from the global market.

At the Multi Commodity Exchange, gold for delivery in far-month June declined by Rs 122, or 0.41 per cent, to Rs 29,650 per 10 grams in a business turnover of 15 lots.

Likewise, the metal for delivery in April shed Rs 112, or 0.37 per cent, to Rs 30,109 per 10 grams in 366 lots. Market analysts said a weak trend in the overseas markets amid expectations that Federal Reserve minutes will show policy makers backing further stimulus cuts, mainly weighed on gold futures here.

Globally, gold fell 0.40 per cent to $1,316.91 an ounce in Singapore today.

Base Metals & Energy
                                                            D A I L Y B U Z Z
Aluminium prices rose 0.23 per cent to Rs 107.60 per kg in futures trade today on the back of rising spot demand even as the metal weakened overseas.

At the Multi Commodity Exchange, aluminium for delivery in February rose by 25 paise, or 0.23 per cent, to Rs 107.60 per kg in a turnover of 256 lots.

The metal for delivery in March rose by a similar margin to trade at Rs 109 per kg in a business volume of 13 lots. Market analysts said the rise in aluminium prices at futures trade was mostly attributed to rising demand at domestic spot markets but a weak trend overseas on high stockpiles limited the gains.

Globally, aluminium for delivery in three months at the London Metal Exchange retreated as much as 0.5 per cent to $1,758 per tonn.