Wednesday, April 16, 2014


Precious Metals 
D A I L Y B U Z Z 
Tracking a weak global trend, silver prices moved down by 0.56 per cent to Rs 42,985 per kg in futures trade today as speculators partially offloaded positions. 

At the Multi Commodity Exchange, silver for delivery in May moved down by Rs 756, or 0.56 per cent, to Rs 42,985 per kg in a business turnover of 394 lots. 

Similarly, the white metal for delivery in July declined by Rs 221, or 0.50 per cent, to Rs 43,784 per kg in 15 lots. 

Market analysts said speculators trimmed positions in tandem with a weak global trend as an improving US economy weighed against Ukraine and that put pressure on the silver prices at futures trade. 

Meanwhile, silver fell by 0.60 per cent to USD 19.86 an ounce in Singapore. 

Agro Outlook 
D A I L Y B U Z Z 
Jeera prices surged by 1.38 per cent to Rs 9,925 per quintal in futures trading today as speculators enlarged positions on the back of strong demand in the spot market. However, expectations of higher output restricted the gains. 

At the National Commodity and Derivatives Exchange, jeera for delivery in April jumped up by Rs 135, or 1.38 per cent, to Rs 9,925 per quintal with an open interest of 519 lots. 

Similarly, the spice for delivery in May shot up by Rs 120, or 1.21 per cent, to Rs 10,050 per quintal in 9,960 lots.