Precious Metals
D A I L Y B U Z Z
SILVER
Silver prices were down 0.59 per cent to Rs 44,665 per kg in futures trade today amidst profit- booking by speculators and a weak trend overseas.
At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 263, or 0.59 per cent, to Rs 44,665 per kg in a business turnover of 1,333 lots.
Similarly, the white metal for delivery in December declined by Rs 271, or 0.59 per cent, to Rs 45,481 per kg in a business volume of 67 lots.
In the international market, silver fell by 0.50 per cent to USD 20.80 an ounce in Singapore.
Market analysts said apart from profit-booking by participants, a weak trend in global markets led to the fall in silver prices at futures trade.
Agro Outlook
D A I L Y B U Z Z
CARDAMOM
Cardamom prices moved up by 0.22 per cent to Rs 931.10 per kg in futures trade today as
speculators indulged in creating fresh positions at existing lower levels, supported by pick-up in
demand in the spot market.
At the Multi Commodity Exchange, Cardamom for delivery in August rose by Rs 2, or 0.22 per cent, to Rs 931.10 per kg in business turnover of 151 lots.
In a similar fashion, the spice for delivery in September edged up by Rs 1.50, or 0.17 per cent, to Rs 901.90 per kg in 24 lots.
Market analysts attributed the rise in cardamom futures to pick up in demand in the spot markets.
