Monday, March 30, 2015

WEEKLY COMMODITY REPORT 30 MARCH 2015

Precious Metals
GOLD
Gold prices fell by 0.38 per cent to Rs 26,948 per 10 grams in futures trade today as speculators locked-in gains amid weak global trends.At the Multi Commodity Exchange, the June contracts of gold fell by Rs 102, or 0.38 per cent, to Rs 26,948 per 10 grams in a business turnover of 115 lots.The April contracts shed Rs 96, or 0.36 per cent, to Rs 26,705 per 10 grams in 436 lots. The April contracts shed Rs 96, or 0.36 per cent, to Rs 26,705 per 10 grams in 436 lots. Analysts attributed the fall in gold futures to profit-booking by speculators at prevailing levels and weak global trends.Meanwhile, gold prices fell by 0.4 per cent to $1,200.10 an ounce in Singapore today.

SILVER
Silver prices fell sharply by Rs 197 to Rs 38,900 per kg in futures trade today due to profit-booking at existing levels and weak trend overseas.At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 197, or 0.50 per cent, to Rs 38,900 per kg in a business turnover of just three lots.Also, the white metal for delivery in May declined by Rs 171, or 0.44 per cent, to Rs 38,442 per kg in a business volume of 478 lots. In international market, silver prices fell by 0.4 per cent to $17.05 an ounce in Singapore.Market analysts said apart from the profit-booking by participants, a weak trend in global markets led to the fall in silver prices at futures trade here.

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