Precious Metals
D A I L Y B U Z Z
SILVER
Silver prices traded lower by 0.10 per cent to Rs 42,035 per kg in futures trade today as speculators offloaded positions on the back of a weak global trend.
At the Multi Commodity Exchange, silver for delivery in far-month December fell by Rs 41, or 0.10 per cent, to Rs 42,035 per kg in business turnover of 412 lots.
Market analysts said speculators trimmed positions in line with a weak global trend mainly helped silver prices to trade lower at futures market here.
Meanwhile, silver lost 0.2 per cent to $19.00 an ounce, the lowest since June 10 in Singapore.
Base Metals
ZINC
Zinc prices fell by 0.38 per cent on Friday at the domestic markets after the pace of growth in the U.S. services sector dipped in August compared with the previous month, a survey showed signaling an improving sentiment in the region which reduced the demand outlook for the metal. The services sector Purchasing Managers Index compiled by information Services Company Markit slipped to 59.5 in August from 60.8 in July. Zinc futures for September 2014 contract, at MCX, were trading at Rs 144.90 per kg, down by 0.38 per cent after opening at Rs. 145.40 against the previous closing price of Rs. 145.45.
Agro Outlook
CORIANDER
Coriander prices fell by 0.97 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for September 2014 contract were trading at Rs. 11,633 per quintal, down by 0.97 per cent, after opening at Rs. 11,729 against the previous closing price of Rs. 11,747. It touched the intra-day low of Rs. 11,615 till the trading. (At 11.40 AM on Friday).
