Saturday, 19 July 2014

PRECIOUS METALS TIPS FOR THE WEEK AS ON JULY 21, 2014

Precious Metals
D A I L Y B U Z Z
GOLD
Gold prices fell by 0.24 per cent on Friday at the domestic markets as a result of profit-booking after a sharp rise yesterday. However, losses were curbed as it is being supported by a wave of risk aversion after a Malaysian airliner was downed in eastern Ukraine, killing nearly 300 people. Gold is seen as an alternative investment during times of geopolitical uncertainty. Gold futures for August 2014 contract, at MCX, were trading at Rs. 28,130 per 10 grams, down by 0.24 per cent after opening at Rs. 28,158 against the previous closing price of Rs. 28,199. It touched the intra-day low of Rs. 28,090 till the trading.


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