Saturday, 20 September 2014

PRECIOUS METALS TIPS FOR 22 SEPTEMBER 2014

Precious Metals
D A I L Y B U Z Z
GOLD
Gold prices fell 0.17 per cent to Rs 26,615 per 10 gram in futures trade today as participants reduced their positions largely with a weak trend overseas amidst subdued demand at domestic spot markets.
 

At the Multi Commodity Exchange, gold for delivery in October contracts eased by Rs 44, or 0.17 per cent, to Rs 26,615 per 10 gram in business turnover of 419 lots.
 

Also, the metal for delivery in far-month December contracts shed Rs 40, or 0.15 per cent, to Rs 26,823 per 10 gram in 28 lots.
 

Globally, gold fell by 0.21 per cent, to USD 1,222.20 an ounce in Singapore. It had dropped to USD 1,216.03, the lowest since January two in yesterday's trade.


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