RESEARCHVIA - COMMODITY UPDATES AND MCX COMMODITY TIPS 28/oct/2013

Precious Metals

D A I L Y

B U Z Z

Gold futures prices today rose by 0.18 per cent to Rs 30,616 per 10 gram as speculators enlarged their positions, driven by a firming trend overseas and festive season demand at domestic spot markets.

At the Multi Commodity Exchange, Gold for delivery in December rose by Rs 54, or 0.18 per cent, to Rs 30,616 per 10 gram in business turnover of 807 lots.

The metal for delivery in far-month February next year traded Rs 47, or 0.16 per cent, higher at Rs 30,282 per 10 gram in a turnover of 20 lots.

Globally, gold rose by 1.02 per cent to USD 1,347.30 an ounce in New York yesterday.

Tracking a weak global trend, silver prices moved down by 0.25 per cent to Rs 49,982 per kg in futures trade today as speculators partially offloaded positions.

At the Multi Commodity Exchange, silver for delivery in December moved down by Rs 125, or 0.25 per cent, to Rs 49,982 per kg in business turnover of 1,409 lots. Similarly, the white metal for delivery in far-month March next year declined by Rs 110, or 0.21 per cent, to Rs 51,418 per kg in 14 lots.

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