PRECIOUS METALS TIPS FEBRUARY 5, 2014

D A I L Y B U Z Z

GOLD

• Gold prices moved down by 0.27 per cent to Rs 28,938 per 10 gram in futures trade today after participants off-loaded partial positions even as metal rose in the global markets.

• At the Multi Commodity Exchange, Gold for delivery in far-month April contracts declined by Rs 79, or 0.27 per cent, to Rs 28,938 per 10 gram in business turnover of 262 lots.

• Likewise, the metal for delivery in February shed Rs 36, or 0.12 per cent, to Rs 29,809 per 10gm in 13 lots.

SILVER

• Silver prices fell by 0.25 per cent to Rs 43,747 per kg in futures trade today after participants reduced exposures even as metal recovered in the global market.

• At the Multi Commodity Exchange, silver for delivery in March fell by Rs 111, or 0.25 per cent,to Rs 43,747 per kg in business turnover of 464 lots.

• Similarly, the white metal for delivery in the far-month May declined by Rs 94, or 0.21 per cent,to Rs 44,705 per kg in business volume of 26 lots.

• In the international market, silver rose 0.1 per cent to $19.36 an ounce in Singapore.

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