GOLD
After two days of gains,
gold prices fell by Rs 60 to close at Rs 27,400 per 10 gram in the
national capital today due to slackened demand from jewellers and
retailers amid absence of cues from global markets.
Silver also lacked necessary
follow-up support from industrial units and coin makers and shed Rs
110 to Rs 41,490 per kg.
In Delhi, gold of 99.9 and
99.5 per cent purity fell by Rs 60 each to Rs 27,400 and Rs 27,200
per 10 gram, respectively.
It had gained Rs 90 in the
previous two sessions. Sovereign, however, remained unaltered at Rs
24,400 per piece of eight gram in limited deals.
Globally, gold traded a
shade higher at USD 1,235.40 an ounce in Singapore.
On similar lines, silver
ready declined by Rs 110 to Rs 41,490 per kg and weekly-based
delivery by Rs 190 to Rs 41,350 per kg. The white metal had gained Rs
350 in last two days.
LEAD
Lead prices fell 0.35 per
cent to Rs 129.50 per kg in futures trade today as speculators booked
profits even as metal strengthened overseas.
At the Multi Commodity
Exchange, lead for delivery in September traded lower by 45 paise, or
0.35 per cent, to Rs 129.50 per kg, with a turnover of 116 lots.
Futures for delivery in
October shed 25 paise, or 0.19 per cent, to Rs 130.35 per kg in a
business turnover of one lot.
ZINC
Zinc futures softened by
0.36 per cent to Rs 139.45 per kg in futures trading today as
speculators preferred to book profits at prevailing levels even as
the metal strengthened at London Metal Exchange (LME).
At the Multi Commodity
Exchange, zinc for delivery in current month weakened by 50 paise, or
0.36 per cent, to Rs 139.45 per kg in a business turnover of 318
lots.
In a similar way, the metal
for delivery in October traded lower by 35 paise, or 0.25 per cent,
to Rs 140.15 per kg in 34 lots.
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INDIAN BENCHMARK are trading higher for the second consecutive session on fresh buying by fund and retail investors in Healthcare, Oil & gas and Capital goods stocks. Meanwhile, US Federal Reserve’s decision to keep interest rates near zero for a considerable time has boosted the sentiments of the market participants.
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