TODAY'S MCX REPORT FROM RESEARCH VIA

Precious Metals

DAILY BUZZ

GOLD

Extending its falling trend, gold prices moved down by 0.37 per cent to Rs 30,013 per 10 gram in futures trade today as participants indulged in trimming positions even as the metal recovered in global markets.

At the Multi Commodity Exchange, gold for delivery in April eased by Rs 110, or 0.37 per cent, to Rs 30,013 per 10 gm in a business turnover of 2,011 lots. Likewise, the metal for delivery in far-month June shed Rs 73, or 0.25 per cent, to Rs 29,368 per 10 gm in 299 lots.

Globally, gold rose as much as 0.3 per cent to $1,344.02 an ounce in Singapore today.

SILVER

Silver prices fell by 0.30 per cent to Rs 46,762 per kg in futures trade today as speculators trimmed their positions despite a firming trend in the overseas markets.

At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 143, or 0.30 percent, to Rs 46,762 per kg in a business turnover of 32 lots.

Similarly, the white metal for delivery in May declined by Rs 134, or 0.29 percent, to Rs 45,839 per kg in a business volume of 1,704 lots.

Base Metals & Energy

DAILY BUZZ

LEAD 

Lead futures were up 0.31 per cent at Rs 130.35 per kg as participants enlarged position on rising spot demand at domestic markets amid a firming trend overseas.

At the Multi Commodity Exchange, lead for delivery in March traded 40 paise, or 0.31 per cent, higher at Rs 130.35 per kg, with a turnover of 471 lots. The metal for delivery in April also rose by 30 paise, or 0.23 per cent, to trade at Rs 131.45 per kg, in a business turnover of 3 lots.
 

ZINC

Zinc futures prices today fell marginally by 0.35 per cent to Rs 126.45 per kg, largely in line with a weak trend in the global markets and subdued spot demand.

At the Multi Commodity Exchange, zinc for delivery in April fell by 45 paise, or 0.35 per cent, to Rs 126.45 per kg, with a business turnover of 44 lots.

Likewise, the metal for delivery in March fell by 40 paise, or 0.32 per cent, to trade at Rs 125.75 per kg, with a business turnover of 844 lots. 

Marketmen said besides sluggish domestic demand, a weak trend in the entire base metals at the London Metal Exchange (LME) following weak Chinese\ economic data, which raised demand concern, put pressure on Zinc futures prices here.

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