PRECIOUS METAL
Gold today witnessed its second biggest loss this year of Rs 600 to Rs 27,300 per 10 grams due
to reduced off take amid weak global trend.
Silver prices followed suit and dropped by a massive Rs 800 to Rs 44,700 per kg on reduced
offtake by jewellers and industrial units.
In a similar fashion, silver ready plunged by Rs 800 to Rs 44,700 per kg and weekly-based
delivery by Rs 930 to Rs 43,940 per kg.However, silver coins continued to be asked around
previous level of Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.
BASE METAL AND ENERGY
Zinc futures prices today edged up by 0.10 per cent to Rs 101.40 per kg amid a firm global
trend, as speculators enlarged positions.
Brent crude slipped 20 cents to $102.40 a barrel by 0632 GMT, after settling 22 cents lower. US oil fell
12 cents to $94.09, declining for a fifth straight day, matching a similar losing streak in December.
Prices were also under pressure from the latest data out of Europe that showed Germany narrowly
skirted a recession in the first quarter.
AGRO OUTLOOK
Coriander prices fell by Rs 78 to Rs 6,770 per quintal in futures trade today as speculators
reduced their positions on sluggish spot demand.
At the Multi Commodity Exchange, coriander for delivery in June fell by Rs 78, or 1.13 per cent,
to Rs 6,770 per quintal with open interest of 27,980 lots.
The spice of May delivery declined by Rs 50, or 0.73 per cent to Rs 6,766 per quintal in open
interest of 1,250 lots.
Turmeric prices declined by 0.48 per cent to Rs 5,806 per quintal in futures trade today as speculators
trimmed their positions, triggered by increased supplies from the new season crop in the spot markets
D A I L Y B U Z Z
to reduced off take amid weak global trend.
Silver prices followed suit and dropped by a massive Rs 800 to Rs 44,700 per kg on reduced
offtake by jewellers and industrial units.
In a similar fashion, silver ready plunged by Rs 800 to Rs 44,700 per kg and weekly-based
delivery by Rs 930 to Rs 43,940 per kg.However, silver coins continued to be asked around
previous level of Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.
BASE METAL AND ENERGY
D A I L Y B U Z Z
trend, as speculators enlarged positions.
Brent crude slipped 20 cents to $102.40 a barrel by 0632 GMT, after settling 22 cents lower. US oil fell
12 cents to $94.09, declining for a fifth straight day, matching a similar losing streak in December.
Prices were also under pressure from the latest data out of Europe that showed Germany narrowly
skirted a recession in the first quarter.
AGRO OUTLOOK
D A I L Y B U Z Z
reduced their positions on sluggish spot demand.
At the Multi Commodity Exchange, coriander for delivery in June fell by Rs 78, or 1.13 per cent,
to Rs 6,770 per quintal with open interest of 27,980 lots.
The spice of May delivery declined by Rs 50, or 0.73 per cent to Rs 6,766 per quintal in open
interest of 1,250 lots.
Turmeric prices declined by 0.48 per cent to Rs 5,806 per quintal in futures trade today as speculators
trimmed their positions, triggered by increased supplies from the new season crop in the spot markets
No comments:
Post a Comment