Precious Metals
DAILY BUZZ
GOLD
Gold
futures rose 0.34 per cent to Rs 27,641 per 10 grams today amid a
firming trend in global markets.
At
the Multi Commodity Exchange, Gold for delivery in October rose by Rs
95, or 0.34 per cent, to Rs 27,641 per 10 grams with a business
turnover of 85 lots.
In
a similar fashion, the metal for delivery in August moved up by Rs
90, or 0.32 per cent, to Rs 27,554 per 10 grams with a trade volume
of 4,113 lots.
Market
analysts said the rise in gold futures was mainly in line with a
firming trend in overseas markets after German factory orders fell
more than expected, raising demand for the safe-haven.
Meanwhile,
gold climbed 0.20 per cent to $1,321.89 an ounce in London.
Base Metals & Energy
DAILY BUZZ
LEAD
Taking weak cues from the
global market and sluggish domestic demand, lead fell by 0.38 per
cent to Rs 129.65 per kg in futures trade today as speculators
trimmed positions.
At the Multi Commodity
exchange, lead for delivery in July down by 50 paise, or 0.38 per
cent, to Rs 129.65 per kg in business turnover of 595 lots.
Metal prices for delivery in
August also fell by a similar margin to Rs 130.90 per kg in 7 lots.
NICKEL
Nickel prices moved down by
0.62 per cent to Rs 1,180.80 per kg in futures trade today as
participants reduced their exposures, tracking a weak trend overseas
and sluggish demand from alloy-makers in the spot market.
At the Multi Commodity
Exchange, nickel for delivery in August month declined by Rs 7.40, or
0.62 per cent, to Rs 1,180.80 per kg in a turnover of 42 lots.
Similarly, the metal for
delivery in July traded lower by Rs 8.60, or 0.56 per cent, to Rs
1,175.20 per kg in 1,517 lots.
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Tata Power has decided to sell its 5% stake in PT Kaltim Prima Coal for about $ 250 million to reduce its debt, less than six months after offloading its holding in another Indonesian coal company named PT Arutmin.
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