Precious Metals
DAILY BUZZ
GOLD
Gold futures were trading
higher in the domestic market on Thursday as investors and
speculators booked fresh positions in the precious metal tracking a
firm trend in the overseas market after the US Federal Reserve said
that it is likely to keep interest rates at very low levels for a
lengthy period even after QE ends, bolstering the appeal of the
bullion as a store of value. Gold futures for August 2014 contract,
at MCX, is trading at Rs. 26,885 per 10 grams, up by 0.22 per cent,
after opening at Rs. 26,827, against the previous closing price of Rs
26,826. It touched an intra-day high of Rs 26,888.
SILVER
Silver futures closed higher
in the domestic market on Wednesday as investors and speculators
booked fresh positions in the precious metal after the US Federal
Reserve maintained its key benchmark interest rate unchanged near
zero, boosting the demand for the precious metal as an alternative
asset.
At the MCX, Silver futures,
for the July 2014 contract, closed at Rs. 42,685 per kg, up by 0.14
per cent, after opening at Rs. 42,461, against the previous closing
price of Rs 42,627. It touched an intra-day high of Rs 42,850.
Base Metals & Energy
DAILY BUZZ
COPPER
Amidst a weak trend in the
global market and subdued spot demand copper prices fell 0.61 per
cent to Rs 404.90 per kg in futures trade today.
At the Multi Commodity
Exchange, copper for delivery in June shed Rs 2.50, or 0.61 per cent,
to Rs 404.90 per kg business turnover of 2,910 lots.
Similarly, the metal for
delivery in August traded lower by Rs 2.15, or 0.52 per cent, to Rs
408.90 per kg in 278 lots. Globally, copper for delivery in three
months fell 0.3 per cent, to USD 6,691.50 a tonne on the London Metal
Exchange while in Shanghai, metal for delivery in August declined 0.4
per cent to 47,950 yuan (USD 7,701) a tonne.
LEAD
Tracking a weak trend
overseas and sluggish domestic demand, lead fell 0.75 per cent to Rs
125.40 per kg in futures trade today after participants reduced their
exposures.
At the Multi Commodity
exchange, lead for delivery in June shed 95 paise, or 0.75 per cent,
to Rs 125.40 per kg in business turnover of 325 lots.
Register yourself for free Comex Tips , Equity Tips , Free Nifty Tips, Nifty Option Tips, Stock Option Tips, Stock Options Tips, Nifty Options Tips , Share Tips , Free Ncdex Tips , Free Mcx Tips , Free Commodity Tips, Domestic Forex Tips , Nifty Options Calls , Mcx Bullion Tips , Bank Nifty Tips , Mcx Gold Tips , Mcx Crude Tips , Comex Silver Trading Tips .
Mentha oil prices fell by 0.40 per cent on Wednesday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh.
ReplyDeleteMcx tips
Natural gas prices edged lower on Wednesday after weather forecasting models continued to call for milder temperatures to move across the U.S. this weekend, which should cut into the need for air conditioning and thus reduce demand for the commodity at the nation's thermal power plants.
ReplyDeleteCommodity Intraday Tips