Precious Metals:
Gold futures for April
2015 contract, at MCX gold were trading at Rs. 26,460 per
10 grams, up
by 0.12 per cent after opening at Rs. 26,411 against the previous
closing price of
Rs. 26,427. It touched the intra-day high of Rs.
26,475 till the trading.
Base Metals &
Energy
:
Natural
Gas futures closed higher in the domestic market on Tuesday as
investors and
speculators booked fresh positions in the energy
commodity as prices rebounded from the
lowest level in three weeks
in the overseas market as recent sharp losses offered good bargain
buying opportunity in the fuel at existing levels. Near-term weather
forecasts called for warmer
weather in the US in the second week of
March, curbing heating demand for the fuel. At the
MCX, Natural Gas
futures for March 2015 contract closed at Rs 169.60 per 1 kg, up by
0.36 per
cent after opening at Rs 168.80, against the previous
closing price of Rs 169. It touched the
intra-day high of Rs 170.20
till the closing.
Zinc
prices rose by 0.20 percent on Wednesday at the domestic markets
after retail sales in the
euro zone rose much more than expected in
January, easing concerns over the region’s
economic outlook which
raised the demand outlook for the metal. Eurostat said retail sales
increased by a seasonally adjusted 1.1 percent in January, blowing
past forecasts for a gain of
0.1 percent. Zinc futures for February
2015 contract, at MCX, were trading at Rs 125.85 per kg,
up by 0.20
percent after opening at Rs. 125.75 against the previous closing
price of Rs. 125.60.
It touched the intra-day high of Rs. 126.20
till the trading.
No comments:
Post a Comment