TODAY'S MCX PRECIOUS AND BASE METALS REPORT 18/6/2014

Precious Metals

DAILY BUZZ

GOLD

Gold futures prices today fell by 0.23 per cent to Rs 26,834 per 10 grams as speculators offloaded their positions to book profits amid a weak global trend.

At the Multi Commodity Exchange, gold prices for delivery in far-month October fell Rs 61, or 0.23 per cent, to Rs 26,834 per 10 grams in business turnover of seven lots.

Similarly, metal prices for delivery in August declined by Rs 55, or 0.20 per cent, to Rs 26,776 per ten grams in 181 lots.

SILVER

Silver prices declined 0.28 per cent to Rs 42,085 per kg in futures trade today as speculators booked profits amid a weak trend in the global markets.

At the Multi Commodity Exchange, Silver prices for delivery in July traded lower by Rs 119, or 0.28 per cent, to Rs 42,085 per kg in business turnover of 341 lots.

Similarly, the white metal prices for delivery in September declined by Rs 93, or 0.22 per cent, to Rs 42,325 per kg in business volume of 12 lots. In the international market, silver prices traded 0.40 per cent lower at USD 19.58 an ounce in Singapore.  

Base Metals & Energy 

DAILY BUZZ

ZINC

Zinc futures prices today edged up by 0.36 per cent to Rs 126.70 per kg today as speculators enlarged positions, amidst a firm global trend and better domestic demand.

At the Multi Commodity Exchange, zinc for delivery in June increased by 45 paise, or 0.36 per cent, to Rs 126.70 per kg, with a business turnover of 302 lots.

Likewise, the metal for delivery in July traded higher by 45 paise, or 0.35 per cent, to Rs 127.45.

Traders said besides improved demand in domestic spot market, a firming trend in base metals overseas on speculation that demand will stabilise in China and the US, the world's largest metal consumers, supported the upside in zinc futures here. 

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