COMMODITY MCX DAILY REPORT 30/JUNE/2014

Precious Metals

DAILY BUZZ

GOLD

Gold prices rose by 0.43 per cent to Rs 27,785 per 10 grams in futures trade today as speculators created fresh positions taking positive cues from overseas markets.

At the Multi Commodity Exchange, gold for delivery in August moved up by Rs 118, or 0.43 per cent, to Rs 27,785 per 10 grams, with a business turnover of 677 lots.

The metal for delivery in far-month October rose by a similar margin to trade at Rs 27,860 per ten grams, with a trade volume of 33 lots.

SILVER

Silver futures fell 0.52 per cent to Rs 44,419 per kg today as speculators reduced positions on weak cues from global markets.

At the Multi Commodity Exchange, silver for delivery in July eased by Rs 234, or 0.52 per cent, to Rs 44,419 per kg in a business turnover of 464 lots.

Similarly, the white metal for delivery in September lost Rs 227, or 0.50 per cent, to Rs 44,925 per kg in 91 lots. 

Base Metals & Energy 

 

DAILY BUZZ

LEAD

Lead prices drifted by 0.23 per cent to Rs 131.30 per kg in futures trade today after participants reduced their exposures, tracking a weak trend at spot markets on subdued demand from battery makers.

At the Multi Commodity exchange, lead for delivery in June traded lower by 40 paise, or 0.23 per cent to Rs 131.30 per kg in business turnover of 217 lots.

Likewise, the metal for delivery in July shed 35 paise, or 0.19 per cent to Rs 130.20 per kg in 69 lots.

ZINC

Zinc futures were marginally down by 0.27 per cent to Rs 131.15 per kg today amidst profit-booking by speculators and subdued spot demand.

At the Multi Commodity Exchange, zinc for delivery in June traded lower by 35 paise, or 0.27 per cent to Rs 131.15 per kg in business turnover of 291 lots.

Similarly, the metal for delivery in July shed 30 paise, or 0.23 per cent to Rs 131.80 per kg in 58 lots. Market analysts said besides profit-booking, subdued demand from consuming industries in the spot market kept pressure on zinc prices at futures trade. 

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