GOLD
Gold
futures were trading higher in the domestic market on Friday as
investors and speculators booked fresh positions in the precious
metal tracking gains in the overseas market as concerns over Ukraine
deepened after US Secretary of State John Kerry warned Russia that
the country is making a huge mistake if doesn’t pull out its
military troops from the Ukrainian border, boosting the safe haven
demand for the bullion. US jobless claims rose 24,000 to 329,000
last week. Gold futures for June 2014 contract, at MCX, is trading at
Rs. 28,955 per 10 grams, up by 0.57 per cent, after opening at Rs.
28,845, against the previous closing price of Rs 28,790. It touched
an intraday high of Rs 28,965.
SILVER
Silver
futures closed higher in the domestic market on Wednesday as
investors and speculators booked fresh positions in the precious
metal as rising tensions in Ukraine boosted the safe haven demand for
the bullion. Ukraine’s President asked security forces to step up
an offensive against militants as the weekend’s pact with Russia to
ease tensions nearly collapsed. Silver futures for May 2014 contract,
at MCX, closed at Rs. 42,482 per 10 grams, up by 0.58 per cent after
opening at Rs. 42,335, against the previous closing price of Rs
42,236. It touched an intraday high of Rs 42,660.
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