PRECIOUS METALS TIPS 29 MAY 2014

Precious Metals                                                        

DAILY BUZZ

GOLD
Gold prices fell further by 0.40 per cent to Rs 26,205 per 10 grams in futures trade today as participants engaged in reducing positions in tandem with a weak trend overseas where precious metal dropped to over 15-week low. 
At the Multi Commodity Exchange, Gold for delivery in August eased by Rs 104, or 0.40 per cent, to Rs 26,255 per 10 grams in a business turnover of 134 lots.
 
Likewise, the metal for delivery in June shed Rs 90, or 0.33 per cent, to Rs 26,868 per 10 grams in 778 lots.
 
SILVER
Silver prices declined by 0.19 per cent to Rs 40,290 per kg in futures trade today as speculators reduced positions amid weak global cues.
 
At the Multi Commodity Exchange, silver for delivery in July fell by Rs 75, or 0.19 per cent, to Rs 40,290 per kg in a business turnover of 3,018 lots.
 
Likewise, the white metal for delivery in September shed Rs 29, or 0.07 per cent, to Rs 40,419 per kg in 119 lots.

Research Via is a leading financial advisory provides free tips on Indian share market like equity tips, stock tips, stock options tips, bullions tips, agro tips, commodity tips, nifty tips, base metals & energy tips, comex tips, international forex tips, domestic forex tips, agri tips, commodity (mcx& ncdex) tips.