Precious Metals
DAILY BUZZ
enlarged positions, largely in tune with a firming trend overseas as US economic data backed
the case for sustained monetary stimulus.
At the Multi Commodity Exchange, metal prices for delivery in August gained Rs 96, or 0.35 per
cent, to trade higher at Rs 27,500 per 10 gm in a turnover of 2,823 lots.
Similarly, the metal prices for delivery in far-month October edged up by Rs 94, or 0.34 per
cent, to Rs 27,499 per 10 gm, clocking a business volume of 599 lots.
Analysts attributed gains in the precious metal at futures trade to a firm trend in overseas
markets as US economic data backed the case for sustained monetary stimulus, boosting appeal
of the precious metal as a safe haven investment.
Base Metals & Energy
DAILY BUZZ
Aluminium futures today fell by 0.57 per cent to Rs 104.90 per kg, largely in tandem with a
weakening trend in base metals overseas and subdued demand at domestic markets.
At the Multi Commodity Exchange, aluminium prices for delivery in July traded 60 paise, or
0.57 per cent, lower at Rs 104.90 per kg in a business turnover of 205 lots.
Zinc futures prices today fell 0.32 per cent to Rs 109.80 per kg as speculators reduced positions,
amid sluggish domestic demand and weak global trend.
At the Multi Commodity Exchange, zinc prices for delivery in July declined by 35 paise, or 0.32
per cent, to Rs 109.80 per kg in business turnover of 185 lots.
DAILY BUZZ
Cardamom prices fell by 2.16 per cent to Rs 723.30 per kg in futures trade today as speculators
indulged in booking profits at prevailing higher levels, driven by a weak demand in the spot
market.
Adequate stocks availability in the physical market on increased arrivals from producing regions
also put pressure on cardamom.
At the Multi Commodity Exchange, cardamom for delivery in August fell by Rs 16, or 2.16 per
cent, to Rs 723.30 per kg in business turnover of 1291 lots.
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