Precious Metals
DAILY BUZZ
At the Multi Commodity Exchange, metal prices for delivery in August gained Rs 379, or 1.42 per cent, to trade higher at Rs 27,084 per 10 gm in a turnover of 2,900 lots.
Globally, gold rose by 1.80 per cent to USD 1,319.99, the highest level since June 20 in Singapore Tracking a rising trend precious metals in global markets, silver futures prices on Monday rose sharply by 1.61 per cent to Rs 41,004 per kg as speculators built up fresh positions amid covering-up of short positions.
At the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 650, or 1.61 per
cent, to Rs 41,004 per kg in business turnover of 3,729 lots.
Base Metals & Energy
DAILY BUZZ
At the Multi Commodity Exchange, zinc for delivery in July traded higher by 40 paise, or 0.36 per cent to Rs 119.39 per kg in business turnover of 1,905 lots.
Market analysts said speculators enlarged their positions supported by a firm global trend mainly helped zinc prices to trade higher at futures trade.
Meanwhile, zinc climbed 0.2 per cent to USD 1,880.25 a tonne on the London Metal Exchange.
DAILY BUZZ
Chana prices fell by 0.78 per cent to Rs 2,806 per quintal in futures trade today as speculators trimmed their positions, driven by subdued demand in the spot market against adequate supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in August fell further by Rs 22, or 0.78 per cent to Rs 2,806 per quintal with an open interest of 1,79,230 lots.
Turmeric futures were lower on Tuesday due to sluggish demand from local buyers amid higher carry-forward stocks and on good progress in sowing.
Indian jeera, or cumin seed, futures fell on hopes of better sowing due to rains in leading cultivating areas, while higher domestic supplies also weighed on sentiment.
The actively traded jeera contract for August delivery fell 1.53 percent to 13,325 rupees per 100 kg on the NCDEX.
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