Precious Metals
GOLD SILVER
D A I L Y B U Z Z
GOLD
Gold prices rose by 0.27 per cent to Rs 29,345 per ten grams in futures trade today as speculators created fresh positions, tracking firm global trend.
At the Multi Commodity Exchange, Gold for delivery in February rose by Rs 80, or 0.27 per cent, to Rs 29,345 per ten grams in a business turnover of 952 lots.
Similarly, the metal for delivery in April gained Rs 57, or 0.20 per cent, to Rs 28,701 per ten grams in 88 lots. Market analysts said speculators created fresh positions in tandem with a firm global trend where gold rose to six-week high that led to rise in gold prices at futures trade.
SILVER
Silver prices moved up by 0.18 per cent to Rs 46,200 per kg in futures trading today as speculators enlarged their positions, supported by a higher global trend.
At the Multi Commodity Exchange, Silver for delivery in May rose by Rs 83, or 0.18 per cent, to Rs 46,200 per kg in a business turnover of 40 lots.
Likewise, the white metal for delivery in March moved up by Rs 74, or 0.16 per cent, to Rs 45,210 per kg in 1,935 lots.
Base Metals & Energy
LEAD NICKEL
D A I L Y B U Z Z
LEAD
Lead prices traded higher by 0.26 per cent to Rs 135.55 per kg in futures market today as speculators
created fresh positions due to rise in demand from battery-makers in the spot market.
At the Multi Commodity Exchange, lead for delivery in January rose by 35 paise, or 0.26 per cent, to Rs 135.55 per kg in a business turnover of 1,385 lots.
Likewise, the metal for delivery in February traded higher by 30 paise, or 0.22 per cent, to Rs 136.75 per kg in 114 lots. Market analysts said speculators created fresh positions after a rise in demand from
battery-makers in the spot market helped lead prices to trade higher at futures trade.
NICKEL
Tracking a lower global trend, nickel prices fell by 0.86 per cent to Rs 890.50 per kg in futures trade
today as speculators trimmed their positions.
At the Multi Commodity Exchange, nickel for delivery in January fell by Rs 7.70, or 0.86 per cent, to Rs 890.50 per kg in a business turnover of 3,361 lots.
Similarly, the metal for delivery in February lost Rs 7.30, or 0.81 per cent, at Rs 897.20 per kg in 255
lots. Tracking a lower global trend, nickel prices fell by 0.86 per cent to Rs 890.50 per kg in futures trade today as speculators trimmed their positions. Market analysts said speculators trimmed their positions in tandem with a lower global trend that put pressure on nickel prices at futures trade. Meanwhile, the metal lost 1.4 per cent to $14,494 a tonne on the London Metal Exchange.
