Precious Metals
D A I L Y B U Z Z
Tracking a recovery in precious metals in global markets, silver futures prices today rose sharply by 1.98 per cent to Rs 40,970 per kg as speculators built up fresh positions amid covering-up of short positions.
On the similar lines, the white metal for delivery in far-month December contracts traded Rs 726, or 1.77 per cent, higher at Rs 41,634 per kg in a turnover of 25 lots.
In the international market, silver climbed 3.01 per cent, to trade at USD 19.99 an ounce in Singapore, the highest since July 1.
Market analysts said besides short-covering by speculators, a recovery trend in the precious metals in the global market, after US Federal Reserve Chairman Ben Bernanke said its stimulus drive would be kept in place for some time, influenced silver prices at futures trade here.
Base Metals & Energy
D A I L Y B U Z Z
Copper prices fell by 0.49 per cent to Rs 406.75 per kg in futures trade today after speculators trimmed positions, tracking a weak global trend.
Agro Outlook
D A I L Y B U Z Z
D A I L Y B U Z Z
On the similar lines, the white metal for delivery in far-month December contracts traded Rs 726, or 1.77 per cent, higher at Rs 41,634 per kg in a turnover of 25 lots.
In the international market, silver climbed 3.01 per cent, to trade at USD 19.99 an ounce in Singapore, the highest since July 1.
Market analysts said besides short-covering by speculators, a recovery trend in the precious metals in the global market, after US Federal Reserve Chairman Ben Bernanke said its stimulus drive would be kept in place for some time, influenced silver prices at futures trade here.
Base Metals & Energy
D A I L Y B U Z Z
Copper prices fell by 0.49 per cent to Rs 406.75 per kg in futures trade today after speculators trimmed positions, tracking a weak global trend.
At the Multi Commodity Exchange, Copper for delivery in August fell by Rs 2, or 0.49 per cent, to Rs 406.75 per kg in business turnover of 799 lots.
In a similar fashion, the metal for delivery in November declined by Rs 1.95, or 0.47 per cent, to Rs 412.60 per kg in 68 lots.
The crude oil for August also moved up by Rs 50, or 0.8 per cent, to Rs 6,267 per barrel, with a business volume of 2,987 lots.
Market analysts said the rise in crude oil futures was attributed to a firming trend in Asia buoyed by solid gains in US stocks and stronger demand in the world's biggest economy.
D A I L Y B U Z Z
Cardamom prices fell by 2.16 per cent to Rs 670 per kg in futures trade today as speculators booked profits driven by sluggish demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 14.80, or 2.16 per cent, to Rs 670 per kg in business turnover of 88 lots.
Similarly, the spice for delivery in August traded lower by Rs 2, or 0.27 per cent, to Rs 752.20 per kg in 394 lots.
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