Precious Metals
D A I L Y B U Z Z
GOLD
Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.26 per cent to Rs 27,860 per 10 grams in futures trade today.
At the Multi Commodity Exchange, gold for delivery in October eased by Rs 74, or 0.26 per cent, to Rs 27,860 per 10 grams in a business turnover of 346 lots.
Likewise, the metal for delivery in far-month December shed Rs 78, or 0.24 per cent, to Rs 28,059 per 10 grams in 11 lots. Analysts said besides profit-booking by speculators, a subdued trend in the overseas markets as investors weighed the health of the global economy against tension between Ukraine and Russia, put pressure on gold prices at futures trade here.
Globally, gold traded 0.40 per cent lower at $1,280.41 an ounce in Singapore today.
Base Metals
D A I L Y B U Z Z
NICKEL
Buoyed by a firming trend in base metals overseas, nickel prices moved up by 0.23 per cent to Rs 1,137 per kg in futures trading today as speculators created fresh positions.
Further, rising demand at domestic spot markets from alloy-makers also supported the upside.
At the Multi Commodity Exchange, nickel for delivery in current month contracts rose by Rs 2.60, or 0.23 per cent, to Rs 1,137 per kg in business turnover of 326 lots.
Metal for delivery in October was up Rs 1.90, or 0.17 per cent, to Rs 1,143 per kg in just one lot.
