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Tuesday, 21 October 2014

Mcx Trading Tips; Gold glitters on Dhanteras buying, global cues

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Gold prices climbed by Rs 150 to Rs 27,925 per 10 grams in the national capital today as buying activity from jewelers as well as retailers picked up on the occasion of "Dhanteras" amidst a firming trend overseas. Silver also moved up by Rs 150 to Rs 39,000 per kg on increased off take by industrial units and coin makers.
Trading on Dhanteras, considered an auspicious day to purchase precious metals, glittered on the back of token buying activity to mark the occasion and a better trend in overseas market supported consumers' buying spirit.Last year on Dhanteras, the precious metal stood at Rs 31,400 per 10 grams.
MCX GOLDM December contract was trading at Rs 27560 up Rs 135, or 0.49 percent. The GOLDM rate touched an intraday high of Rs 27635 and an intraday low of Rs 27480. So far 1740 contracts have been traded. GOLDM prices have moved down Rs 113, or 0.41 percent in the December series so far. 

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