RESEARCH VIA - DAILY MCX COMMODITY UPDATES 25/sep/2013

Precious Metals

D A I L Y

B U Z Z

Gold futures prices today fell by 0.36 per cent to Rs 29,678 per 10 gram as speculators engaged in trimming positions, tracking a weak trend overseas.

At the Multi Commodity Exchange, gold prices for delivery in December fell by Rs 108, or 0.36 per cent, to Rs 29,678 per 10 gram in business turnover of 253 lots.

Similarly, metal prices for delivery in October declined by Rs 99, or 0.33 per cent, to Rs 29,775 per ten gram in 2,235 lots.

Meanwhile, gold prices fell 0.4 per cent to settle at USD 1,327 an ounce in New York yesterday.

Silver prices fell by 0.93 per cent to trade at Rs 50,004 per kg in futures trade today as participants engaged in reducing their positions amid a weakening trend in the global markets.

At the Multi Commodity Exchange, silver for delivery in far-month March down Rs 471, or 0.93

per cent, to Rs 50,004 per kg in a business turnover of 22 lots.

In a similar fashion, the white metal for delivery in December traded lower by Rs 384, or 0.78 per cent, at Rs 49,009 per kg in 3,133 lots. Meanwhile, silver fell by 0.25 per cent to 21.59 dollar an ounce in Singapore today.

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