Market Update

Market Watch

Monday 13 October 2014

Mcx Trading Tips; Gold and silver rally on global cues

Gold prices rallied by Rs 200 to trade at almost one-month high of Rs 27,600 per ten gram in the national capital today on brisk buying by jewelers and retailers to meet festive season demand amidst a firming global trend.MCX GOLDM November contract was trading at Rs 26966 up Rs 111, or 0.41 percent. The GOLDM rate touched an intraday high of Rs 27135 and an intraday low of Rs 26900. So far 7938 contracts have been traded. GOLDM prices have moved down Rs 1429, or 5.03 percent in the November series so far.
Silver followed suit and advanced by Rs 450 to Rs 39,250 per kg on increased offtake by industrial units and coin makers. Sentiments remained firm in precious metals on sustained buying by jewellers and retailers to meet ongoing festive season demand . MCX SILVERM November contract was trading at Rs 38702 up Rs 162, or 0.42 percent. The SILVERM rate touched an intraday high of Rs 39070 and an intraday low of Rs 38623. So far 13609 contracts have been traded. SILVERM prices have moved down Rs 11494, or 22.90 percent in the November series so far. 


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