Friday, 18 July 2014

DAILY PRECIOUS METALS TIPS FOR 18 JULY 2014

Precious Metals
D A I L Y B U Z Z
GOLD
Gold futures prices today rose by 0.48 per cent to Rs 27,771 per 10 grams as speculators enlarged positions after the metal gained in the global market.
 

At the Multi Commodity Exchange, metal prices for delivery in far-month October gained Rs 134, or 0.48 per cent, to trade higher at Rs 27,771 per 10 gram in a turnover of 43 lots.
 

Similarly, the metal prices for delivery in August edged up by Rs 114, or 0.41 per cent, to Rs 27,790 per 10 gram, clocking a business volume of 672 lots.
 

SILVER
Tracking a rising trend in global markets, silver futures prices today rose by 0.63 per cent to Rs 45,730 per kg as speculators built fresh positions amid covering-up of short positions.
 

At the Multi Commodity Exchange, silver for delivery in far-month December traded higher by Rs 285, or 0.63 per cent, to Rs 45,730 per kg in business turnover of eight lots.
 

On similar lines, the white metal for delivery in September traded Rs 277, or 0.60 per cent, higher at Rs 44,844 per kg in a turnover of 681 lots.


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