Precious Metals
D A I L Y B U Z Z
SILVER
Silver prices recovered by 0.46 per cent to Rs 44,483 per kg in futures trading on Monday as
speculators enlarged positions even as the metal weakened in global markets.
At the Multi Commodity Exchange, silver for delivery in September rose by Rs 202, or 0.46 per
cent, to Rs 44,483 per kg in business turnover of 541 lots.
Likewise, the white metal for delivery in far-month December traded higher by Rs 141, or 0.29
per cent, to Rs 45,200 per kg in 7 lots.
Analysts said speculative positions built up by participants helped silver futures trade to trade higher but a weak trend in bullion limited the gains. Meanwhile, silver traded 0.50 per cent lower at $20.63 an ounce in Singapore.
Agro Outlook
D A I L Y B U Z Z
CARDAMOM
Cardamom prices fell 0.32 per cent to Rs 928.30 per kg in futures trade on Monday as speculators booked profits at prevailing levels amid subdued demand in the spot markets.
Further, ample stocks in the physical market following increased arrivals from the major producing belts too influenced cardamom prices. At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 3, or 0.32 per cent, to Rs 928.30 per kg in business turnover of 95 lots.
Likewise, the spice for delivery in the September contracts shed Rs 2, or 0.22 per cent, to Rs 897 per kg with trading volume of 16 lots.
Market analysts said profit-booking by speculators at prevailing higher levels and subdued demand in the spot markets mainly kept pressure on the cardamom prices at futures trade.
