RESEARCH VIA - DAILY MCX NCDEX TIPS FOR TODAY 08/oct/2013

Precious Metals

D A I L Y

B U Z Z

Gold futures prices rose by 0.79 per cent to Rs 29,000 per 10 gm today as speculators enlarged their positions on the back of firming global trends.

At the Multi Commodity Exchange, Gold for delivery in February, 2014 rose by Rs 228, or 0.79 per cent, to Rs 29,000 per 10 grams, with a business turnover of 11 lots.

In a similar fashion, the metal for delivery in December contracts moved up by Rs 226, or 0.78 per cent, to Rs 29,315 per 10 grams, with a trade volume of 666 lots.

Silver futures prices today rose by 0.75 per cent, to Rs 49,714 per kg, largely in tandem with a firming trend in precious metals in the global markets.

At the Multi Commodity Exchange, silver for delivery in December rose by Rs 368, or 0.75 per cent, to Rs 49,714 per kg in a business turnover of fiv e lots.

Similarly, the white metal for delivery in December traded Rs 352, or 0.70 per cent, higher at Rs 48,549 per kg in a turnover of 551 lots. In the international market, silver traded a shade higher at USD 21.74 an ounce in Singapore.

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