Wednesday 4 December 2013

RESEARCHVIA ~ MCX COMMODITY TIPS - PRECIOUS METAL TIPS FOR TODAY 4 DEC 2013

DAILY COMMODITY REPORT
Precious Metals
D A I L Y
B U Z Z

Gold prices moved down by 0.31 per cent to Rs 28,739 per 10 gram in futures trade today as speculators trimmed their exposures, tracking a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in February next year eased by Rs 90, or 0.31 per cent, to Rs 28,739 per 10 gram in business turnover of 201 lots.

Likewise, the metal for delivery in far-month April 2014 shed Rs 84, or 0.29 per cent, to Rs 28,410 per 10 gm in three lots.

Silver prices fell sharply by 0.63 per cent to Rs 44,190 per kg in futures trade today as speculators engaged in reducing positions, taking weak cues from the global markets.

At the Multi Commodity Exchange, silver for delivery in March next year fell by Rs 282, or 0.63 per cent, to Rs 44,190 per kg in business turnover of 405 lots.

Similarly, the white metal for delivery in current month declined by Rs 220, or 0.51 per cent, to Rs 42,792 per kg in business volume of 77 lots. Globally, silver tumbled 3.7 per cent to $19.28 an ounce in New York in the previous session, the biggest drop since October 31.



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