Saturday, 22 February 2014

PRECIOUS METALS TIPS FEBRUARY 24, 2014

GOLD
  • Gold prices moved down by 0.10 per cent to Rs 29,851 per 10 grams in futures trade today as speculators trimmed positions amid a weak trend in the global markets.
  • At the Multi Commodity Exchange, gold for delivery in April eased by Rs 31, or 0.10 per cent, to Rs 29,851 per 10 grams in business turnover of 422 lots.
  • Likewise, the metal for delivery in far-month June shed Rs 20, or 0.07 per cent, to Rs 29,348 per 10 grams in four lots. Globally, gold fell 0.5 per cent to $1,316.52 an ounce in Singapore today.

SILVER

  • Silver prices fell by 0.32 per cent to Rs 47,333 per kg in futures trade today as speculators indulged in reducing exposures on weak cues from global markets.
  • At the Multi Commodity Exchange, Silver for delivery in March traded lower by Rs 151, or .32 per cent, to Rs 47,333 per kg in business turnover of 720 lots.
  • Similarly, the white metal for delivery in May declined by Rs 133, or 0.27 per cent, to Rs 48,285 per kg in business volume of 76 lots.


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