Precious Metals
D A I L Y B U Z Z
GOLD/SILVER
Gold prices rose further by Rs 190 to Rs 27,840 per ten grams in the national capital today on sustained buying by jewellers and retailers amid festive season demand and weakening rupee.
Silver also recovered by Rs 100 to Rs 38,900 per kg on increased offtake by industrial units and coin makers.
Gold in New York, which normally sets price trend on the domestic front, rose 0.72 per cent to trade at five-week high of USD 1,241.10 an ounce and silver by 0.32 per cent to USD 17.45 an ounce in yesterday's trade.
In Delhi, gold of 99.9 and 99.5 per cent purity rose by Rs 190 each to Rs 27,840 and Rs 27,640 per ten grams, respectively.
It had gained Rs 70 in yesterday's trade. Sovereign followed suit and gained Rs 100 to Rs 24,300 per piece of eight gram.
Silver ready rebounded by Rs 100 to Rs 38,900 per kg and weekly-based delivery by Rs 105 to Rs 38,870 per kg, while silver coins held steady at Rs 69,000 for buying and Rs 70,000 for selling of 100 pieces.
Base Metals
D A I L Y B U Z Z
ALUMINIUM
Aluminium prices fell 0.88 per cent to Rs 117.70 per kg in futures trade today as speculators offloaded their positions amid weak cues from global markets.
At the Multi Commodity Exchange, aluminium for delivery in October declined by Rs 1.05, or 0.88 per cent, to Rs 117.70 per kg in a business turnover of 267 lots.Similarly, the metal for delivery in November traded lower by 75 paise, or 0.63 per cent, to Rs 119 per kg in 20 lots.
