RESEARCHVIA ~ MCX COMMODITY TIPS - PRECIOUS METAL TIPS 5/12/2013

Precious Metals

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B U Z Z

Gold futures prices today rose by 0.19 per cent to Rs 29,117 per 10 grams as speculators enlarged their positions, driven by a firming trend overseas.

At the Multi Commodity Exchange, Gold for delivery in February next year rose Rs 55, or 0.19 per cent, to Rs 29,117 per 10 gm in business turnover of 1,895 lots.

The metal for delivery in the December moved up by Rs 29, or 0.10 per cent, to Rs 30,368 per 10 gm in a turnover of 15 lots.

Market analysts said a firming trend in the global market mainly influenced gold futures here. Meanwhile, gold rose by 0.41 per cent to USD 1,224.30 an ounce in New York in yesterday's trade.

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