RESEARCH VIA - DAILY MCX COMMODITY UPDATE 09.10.2013

Precious Metals

D A I L Y

B U Z Z

Gold futures prices today rose by 0.22 per cent to Rs 29,549 per 10 gram as speculators enlarged positions, largely in tandem with a firming trend overseas.

At the Multi Commodity Exchange, metal prices for delivery in December gained Rs 63, or 0.22 per cent, to trade higher at Rs 29,549 per 10 gram in a turnover of 1,349 lots.

Similarly, the metal prices for delivery in February 2014 edged up by Rs 22, or 0.05 per cent, to Rs 29,230 per 10 gram, clocking a business volume of 9 lots.

Gold rose by 0.17 per cent to USD 1,324.70 an ounce in Singapore today.

Amid a weak trend in the Asian region, silver prices fell by Rs 167, or 0.34 per cent, to trade at Rs 49,463 per kg in futures trade today as speculators reduced positions.

At the Multi Commodity Exchange, silver for delivery in December contract traded Rs 167, or 0.34 per cent, lower at Rs 49,463 per kg in business turnover of 884 lots.

In a similar fashion, the white metal for delivery in far-month March fell by Rs 174, or 0.34 per cent lower, at Rs 50,601 per kg in four lots.

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