RESEARCH VIA ~ MCX COMMODITY TIPS - PRECIOUS METALS TIPS FOR 27/Dec/2013

Precious Metals

D A I L Y

B U Z Z

Gold rose marginally by 0.18 per cent to Rs 28,504 per 10 gm in futures trade today as participants enlarged positions mostly supported by a firming trend overseas after the recent fall.

Besides, pick up in demand in spot markets, also supported the upside.

At the Multi Commodity Exchange, metal for delivery in February gained Rs 50, or 0.18 per cent, to trade higher at Rs 28,504 per 10 gm in a turnover of 316 lots. Similarly, the metal for delivery in April moved up by Rs 46, or 0.17 per cent, to Rs 27,892 per 10 gm, clocking a business volume of five lots.

Silver rose by 0.15 per cent to Rs 44,056 per kg in futures market today largely in tune with a firming trend in the global markets.

At the Multi Commodity Exchange, silver for delivery in March moved up by Rs 64, or 0.15 per cent, to Rs 44,056 per kg in business turnover of 330 lots.

Similarly, the metal for delivery in May gained Rs 61, or 0.14 per cent, to Rs 45,000 per kg in a single lot.

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