TODAY’S COMMODITY REPORT 10/6/2013

Precious Metal
D A I L Y B U Z Z
Gold fell around 2 percent on Friday, its biggest one-day drop in over three weeks as funds dumped bullion after resilient US jobs data suggested the Federal Reserve could begin to scale back its monetary stimulus later this year.

Base Metals & Energy
D A I L Y B U Z Z
Amid profit-booking by speculators and sluggish subdued demand, zinc futures prices today edged lower by 0.23 per cent to Rs 109.80 per kg.

However, metal’s gain at the London Metal Exchange, limited the fall

The metal for delivery in June shed 20 paise, or 0.18 per cent, to Rs 108.75 per kg, with a business turnover of 1,455 lots.

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