Precious Metals
D A I L Y B U Z Z
GOLD
Gold prices rose by 0.28 per cent to Rs 27,030 per 10 grams in futures trade today as speculators created fresh positions, taking positive cues from the global market. At the Multi Commodity Exchange, gold for delivery in far-month April contracts was up by Rs 76, or 0.28 per cent, to Rs 27,030 per 10 grams in a business turnover of 1 lot. The metal for delivery in February was trading higher by Rs 64, or 0.24 per cent, to Rs 26,794 per 10 grams in a turnover of 396 lots. According to analysts, a firming trend in global market where gold extended gains from one-month low, influenced the precious metal in futures trade. Meanwhile, gold rose 0.40 per cent to USD 1,193.48 an ounce in Singapore.
Energy
D A I L Y B U Z Z
CRUDEOIL
Crude oil prices fell by 2.68 per cent on Monday at the domestic markets as worries about a surplus of global supplies amid weak demand continued to drag on oil markets. OPEC's decision in November to maintain output had earlier accelerated oil's losses, while record-high Russian production and the highest Iraqi exports since 1980 added to the concerns about oversupply. At the MCX, crude oil futures for January 2015 contract were trading at Rs. 3,300 per barrel, down by 2.68 per cent, after opening at Rs. 3,380 against the previous closing price of Rs. 3,391. It touched the intra-day low of Rs. 3,287 till the trading. (At 12.10 PM).
