REVIA ~ MCX COMMODITY TIPS - PRECIOUS METALS TIPS 23/Jan/2014

Precious Metals

D A I L Y

B U Z Z

GOLD

Tracking a weak global trend, gold prices declined by 0.18 per cent to Rs 29,187 per ten grams in futures trade today as speculators offloaded their positions.

At the Multi Commodity Exchange, gold for delivery in February declined by Rs 54, or 0.18 per cent, to Rs 29,187 per ten grams in a business turnover of 1,498 lots.

Similarly, the yellow metal for delivery in April traded lower by Rs 31, or 0.11 per cent, to Rs 28,615 per ten grams in 53 lots.

SILVER

Silver prices declined 0.20 per cent to Rs 44,391 per kg in futures trade today as speculators trimmed positions on weak global trend.

At the Multi Commodity Exchange, Silver for delivery in March fell by Rs 89, or 0.20 per cent, to Rs 44,391 per kg in business turnover of 2,026 lots.

Likewise, the white metal for delivery in May declined by Rs 51, or 0.11 per cent, to Rs 45,405 per kg in 77 lots.

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