Thursday, July 17, 2014

DAILY MCX GOLD TIPS & SILVER UPDATE FOR 17/07/2014

Precious Metals
D A I L Y B U Z Z
GOLD 
Tracking weak trend overseas, gold futures fell 0.08 per cent to Rs 27,672 per 10 grams today as speculators reduced their exposures amidst a weak global trend. 

At the Multi Commodity Exchange, gold for delivery in far-month October fell by Rs 21, or 0.08 per cent, to Rs 27,672 per 10 grams in a business turnover of 28 lots. 

On similar lines, the metal for delivery in August eased by Rs 16, or 0.06 per cent, to Rs 27,632 per 10 grams in 712 lots. Meanwhile, gold prices fell by 1.01 per cent to USD 1,293.60 an ounce in New 
York yesterday's trade. 

SILVER 
Silver prices fell by 0.41 per cent to Rs 44,672 per kg in futures trade today largely in tune with a weak trend overseas amidst profit-booking by speculators. 

At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 188, or 0.41 per cent, to Rs 44,672 per kg in a business turnover of 781 lots. 

Similarly, the white metal for delivery in December declined by Rs 182, or 0.40 per cent, to Rs 45,541 per kg in a business volume of 28 lots.

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