Friday, 16 August 2013

MCX Gold Tips, Silver Updates Today 16 Aug 2013

Gold futures prices today fell marginally by 0.10 per cent to Rs 28,795 per 10 grams as speculators offloaded their positions, taking weak cues from the Asian region. Besides, profit booking by speculators also put pressure on gold futures. At the Multi Commodity Exchange, gold prices for delivery in December fell by Rs 35, or 0.10 per cent, to Rs 28,795 per 10 grams in business turnover of 52 lots. Similarly, metal prices for delivery in October declined by Rs 37, or 0.09 per cent, to Rs 28,845 per 10 grams in 1,372 lots.

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Taking weak cues from the global market and profit-booking by speculators, silver futures prices today fell by 0.24 per cent to Rs 46,156 per kg. At the Multi Commodity Exchange, silver prices for delivery in September fell by Rs 112, or 0.24 per cent, to Rs 46,156 per kg in business turnover of 1,551 lots. Similarly, the white metal prices for delivery in December shed Rs 100, or 0.21 per cent, at Rs 47,402 per kg in 75 lots. Meanwhile, silver shed 0.23 per cent to $21.41 an ounce in Singapore today.