Monday, February 24, 2014

MCX COMMODITY PRECIOUS METALS GOLD TIPS & SILVER UPDATE 24 FEB 2014

GOLD
Gold prices moved down by 0.10 per cent to Rs 29,851 per 10 grams in futures trade today as speculators trimmed positions amid a weak trend in the global markets.

At the Multi Commodity Exchange, gold for delivery in April eased by Rs 31, or 0.10 per cent, to Rs 29,851 per 10 grams in business turnover of 422 lots. 

Likewise, the metal for delivery in far-month June shed Rs 20, or 0.07 per cent, to Rs 29,348 per 10 grams in four lots. Globally, gold fell 0.5 per cent to $1,316.52 an ounce in Singapore today.

SILVER
Silver prices fell by 0.32 per cent to Rs 47,333 per kg in futures trade today as speculators indulged in reducing exposures on weak cues from global markets.

At the Multi Commodity Exchange, Silver for delivery in March traded lower by Rs 151, or 0.32 per cent, to Rs 47,333 per kg in business turnover of 720 lots. 

Similarly, the white metal for delivery in May declined by Rs 133, or 0.27 per cent, to Rs 48,285 per kg in business volume of 76 lots. 

Followers