Gold and Silver Trade Down on Global Cues Copper price Rose By 0.36%



In indian commodity trading Copper prices rose by 0.36% to Rs 358.10 per kg in futures trade today amid a firming trend in global market and rising spot demand.
At the Multi Commodity Exchange, copper for delivery in February traded higher by Rs 1.30, or 0.36%, to Rs 358.10 per kg in a business turnover of 711 lots.

The metal for delivery in April edged up by Rs 1.15, or 0.32%, to Rs 362.55 per kg in 36 lots.
Globally, copper for delivery in three months rose by 0.4% to $5,715 a tonne on the London Metal Exchange.
Market analysts said besides increased demand from consuming industries, a firming overseas trend after Greece reached a provisional deal with Eurozone Finance Ministers and ahead of housing data from the US, influenced copper prices at futures trade here.
Silver prices fell by 0.17% to Rs 36,253 per kg in futures trade today amid profit-booking by speculators and a weak global trend.

At the Multi Commodity Exchange, silver for delivery in March declined by Rs 61, or 0.17%, to Rs 36,253 per kg in a business turnover of 1,278 lots.

Similarly, the metal for delivery in May traded lower by Rs 57, or 0.16%, to Rs 36,610 per kg in 155 lots.
Meanwhile, silver fell 0.06% to USD 16.26 an ounce in Singapore

Gold prices eased by 0.30% to Rs 26,377 per 10 grams in futures trading today as speculators trimmed positions amid subdued global trend.

At the Multi Commodity Exchange, gold for delivery in May declined by Rs 79, or 0.30%, to Rs 26,377 per 10 grams in a business turnover of 14 lots.

Likewise, the metal for delivery in April traded lower by Rs 74, or 0.28%, to Rs 26,203 per 10 grams in 1,126 lots.
Analysts attributed the decline in gold futures to a weak global trend.
Meanwhile, gold traded lower by 0.03% to USD 1,203.50 an ounce in Singapore.

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