Precious Metals
Gold futures fell by 1.10 per cent to Rs 28,096 per 10 grams today as participants indulged in reducing exposures, largely in tandem with a global trend.
At the Multi Commodity Exchange, gold for delivery in June, fell by Rs 312, or 1.10 per cent, to trade at Rs 28,096 per 10 grams in a turnover of 1,669 lots. Similarly, the metal for delivery in August fell by Rs 285, or 1.03 per cent, to Rs 27,463 per 10 grams in 92 lots. Globally, gold lost as much as 0.68 per cent to USD 1,296.80 an ounce in New York last night.
Analysts said apart from a weakening trend overseas, appreciating rupee against the US dollar,
making imports cheaper, also put pressure on gold prices at futures trade.
Base Metals & Energy
D A I L Y B U Z Z
GOLDGold futures fell by 1.10 per cent to Rs 28,096 per 10 grams today as participants indulged in reducing exposures, largely in tandem with a global trend.
At the Multi Commodity Exchange, gold for delivery in June, fell by Rs 312, or 1.10 per cent, to trade at Rs 28,096 per 10 grams in a turnover of 1,669 lots. Similarly, the metal for delivery in August fell by Rs 285, or 1.03 per cent, to Rs 27,463 per 10 grams in 92 lots. Globally, gold lost as much as 0.68 per cent to USD 1,296.80 an ounce in New York last night.
Analysts said apart from a weakening trend overseas, appreciating rupee against the US dollar,
making imports cheaper, also put pressure on gold prices at futures trade.
Base Metals & Energy
D A I L Y B U Z Z
NICKEL
Tracking a firm global trend, nickel prices recovered by Rs 2 per kg at the local non-ferrous metals market on Friday. Traders said buying activity in nickel picked up after it advanced for the first time in three days in global markets, as investors assessed that the 11 per cent slump in the previous two days was excessive.
Meanwhile, nickel for delivery in three months added 1.9 per cent to $19,096 a tonne on the London Metal Exchange. In the national capital, nickel (4x4) recovered by Rs 2 to Rs 1,092-1,093 per kg.
Following are Friday's metal rates per kg: Zinc ingot 115-121, nickel plate (4x4) 1,092-1,093 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 433, chadri deshi 285.
Lead ingot 124, lead imported 122, aluminium ingots 148,Aluminium sheet cutting 149, aluminium wire scrap 151 and aluminium utensils scrap 148.
