RESEARCH VIA - TODAY'S MCX COMMODITY TIPS 18/10/2013

MCX COMMODITY TIPS FOR TODAY

Precious Metals

D A I L Y

B U Z Z

Silver prices fell by 0.85 per cent to Rs 46,970 per kg in futures market today as speculators offloaded positions on a lower global trend.

At the Multi Commodity Exchange, silver for delivery in December month fell by Rs 402, or 0.85 per cent, to Rs 46,970 per kg in business turnover of 2,797 lots.

Likewise, the white metal for delivery in far March month declined by Rs 304, or 0.62 per cent, to Rs 48,350 per kg in 27 lots. Analysts said speculators offloading their positions in line with a lower global trend mainly pulled down silver in futures market here.

Meanwhile, silver lost 0.7 per cent to $21.26 an ounce in Singapore.

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