Precious Metals
D A I L Y B U Z Z
While gold spurted by Rs 415 to Rs 28,515 per 10 grams, silver surged by Rs 905 to Rs 44,690per kg on rising demand from industrial units and coin makers.
Traders said a weak rupee would make the import of the precious metals in dollar terms costlier and increase retail prices. India imports most of its gold requirements.
Inching closer to the 59 mark, the rupee today fell by a whopping 74 paise to hit a new all-time low of 58.90 on persistent dollar demand. On the domestic front, gold of 99.9 and 99.5 per cent purity zoomed up by Rs 415 each to Rs 28,515 and Rs 28,315 per 10 grams, respectively. It had gained Rs 100 yesterday.
Sovereigns followed suit and shot up by Rs 200 to Rs 25,400 per piece of eight grams.
In a similar fashion, silver ready spurted by Rs 905 to Rs 44,690 per kg and weekly-based
delivery by Rs 870 to Rs 44,040 per kg. The metal had gained Rs 185 in the previous session.
Base Metals & Energy
D A I L Y B U Z Z
Besides, increased demand at domestic spot markets also influenced prices.the metal for delivery in July traded higher by Rs 1.05, or 0.94 per cent, to Rs 112.60 per kg in 49 lots.
Agro Outlook
D A I L Y B U Z Z
Jeera prices fell by 0.93 per cent to Rs 13,010 per quintal in futures market today largely due to higher supplies in the spot market against subdued local as well as export demand.
In a similar fashion, the spice for delivery in July lost Rs 120, or 0.90 per cent to Rs 13,197.50 per quintal in 16,905 lots.
Coriander prices fell by Rs 243 to Rs 6,510 per quintal in futures trade today due to increased supply into the physical market.
The spice of July delivery fell by Rs 215, or 3.15 per cent, to Rs 6,600 per quintal with open interest of 27,960 lots.
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