RESEARCHVIA - TODAY'S MCX COMMODITY UPDATES 29/10/2013

Precious Metals

D A I L Y

B U Z Z

Gold prices fell 0.24 per cent to Rs 30,460 per 10 gram in futures trade today as participants reduced their positions largely in tandem with a weak trend overseas amid profit booking.

At the Multi Commodity Exchange, Gold for delivery in far-month February next year eased by Rs 73, or 0.24 per cent, to Rs 30,460 per 10 gram in business turnover of 26 lots.

Likewise, the metal for delivery in December shed Rs 63, or 0.20 per cent, to Rs 30,797 per 10 gram in 613 lots.

Analysts said a weakening trend in the overseas markets, before the US Federal Reserve begins a meeting where policy makers may decide on the pace of monetary stimulus, mainly weighed on the gold prices in futures trade here.

Globally, gold fell 0.23 per cent to USD 1,349.80 an ounce in Singapore today.

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