Precious Metals
D A I L Y B U Z Z
GOLD
Snapping its three-day losing streak, gold staged a comeback to close higher by Rs 80 to Rs 27,450 per ten gram in the national capital today amid a firming trend overseas.
Besides, buying at prevailing levels by jewellers also supported the upside.
Silver followed suit and recovered by Rs 250 to Rs 41,500 per kg on increased offtake by industrial units and coin makers.
Gold in Singapore, which normally sets price trend on the domestic front, rose by 0.4 per cent to USD 1,235.07 an ounce and silver traded a shade higher at USD 18.64 an ounce.
In Delhi, gold of 99.9 and 99.5 per cent purity was up by Rs 80 each to Rs 27,450 and Rs 27,250 per ten gram, respectively. It had lost Rs 430 in the previous three sessions.
Sovereign, however, held steady at Rs 24,400 per piece of eight gram in limited deals.
In a similar fashion, silver ready recovered by Rs 250 to Rs 41,500 per kg and weekly based delivery by Rs 150 to Rs 41,450 per kg, after losing Rs 920 in last three days.
On the other hand, silver coins continued to be enquired at last level of Rs 71,000 for buying and Rs 72,000 for selling of 100 pieces.
Agro Outlook
D A I L Y B U Z Z
CHANA
Chana futures traded 0.36 per cent lower at Rs 2,794 per quintal in futures market today as speculators reduced positions amid a weak trend at spot market on sluggish demand.
Further, expectations of higher output put pressure on chana prices.
At the National Commodity and Derivative Exchange, chana for delivery in October declined by Rs 10, or 0.36 per cent, to Rs 2,794 per quintal with an open interest of 1,34,790 lots.
Similarly, the commodity for delivery in September eased by Rs 5, or 0.18 per cent, to Rs 2,755 per quintal in 3,320 lots.
