PRECIOUS METALS TIPS 30 JUNE 2014

Precious Metals

DAILY BUZZ

GOLD
Gold prices rose by 0.43 per cent to Rs 27,785 per 10 grams in futures trade today as speculators created fresh positions taking positive cues from overseas markets.
 
At the Multi Commodity Exchange, gold for delivery in August moved up by Rs 118, or 0.43 per cent, to Rs 27,785 per 10 grams, with a business turnover of 677 lots.
 
The metal for delivery in far-month October rose by a similar margin to trade at Rs 27,860 per ten grams, with a trade volume of 33 lots.
 
SILVER
Silver futures fell 0.52 per cent to Rs 44,419 per kg today as speculators reduced positions on weak cues from global markets.
 
At the Multi Commodity Exchange, silver for delivery in July eased by Rs 234, or 0.52 per cent, to Rs 44,419 per kg in a business turnover of 464 lots.
 
Similarly, the white metal for delivery in September lost Rs 227, or 0.50 per cent, to Rs 44,925 per kg in 91 lots.

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