Precious Metals
D A I L Y B U Z Z
SILVER
Silver prices went up by a whopping Rs 538 to Rs 46,900 per kg in futures trade today afterparticipants built-up speculative positions, largely driven by a firming trend overseas.
At the Multi Commodity Exchange, silver for delivery in March shot up by Rs 538, or 1.16 per cent, to Rs 46,900 per kg in a business turnover of 261 lots. Similarly, the white metal for delivery in May rose by Rs 548, or 1.16 per cent, to Rs 47,825 per kg in 929 lots. Market analysts attributed the rise in silver prices at futures trade to a firming trend in the global markets as tension in Ukraine escalated by Russia's seizure of Crimea boosted demand for a safe haven.
Meanwhile, silver advanced 1.10 per cent to US $ 21.46 an ounce in Singapore, after climbing 11 per cent in February, the first monthly gain since October.
Agro Outlook
D A I L Y B U Z Z
CORIANDER
Coriander prices fell by 1.45 per cent to Rs 9,333 per quintal in futures trade today as speculators reduced their positions on the back of subdued demand in the spot market. Besides, adequate stocks availability in the physical market on sufficient arrivals from producing belts also put pressure on coriander futures. At the National Commodity and Derivatives Exchange, coriander for delivery in April fell by Rs 137, or 1.45 per cent, to Rs 9,333 per quintal with open interest of 40,970 lots.
The price for May delivery declined by Rs 139, or 1.44 per cent, to Rs 9,498 per quintal with open
interest of 30,920 lots. Market analysts said adequate stocks availability in the physical market against subdued demand mainly led to the fall in coriander futures prices.
