7/07/2010 06:21:00 PM
Admin
Mumbai - Gold, silver futures traded lower on Multi Commodity Exchange on weak overseas market coupled with profit taking from higher level on Wednesday. Gold futures traded higher on buying support in the previous session. In the overseas market precious metals traded lower on weak euro against dollar. In the international market gold settled down USD4.25 at USD1187.25/oz.
On MCX, Gold August futures traded down Rs.49/10gm and silver September futures down Rs.185/kg. MCX's most active gold August contract opened Rs.6 higher at Rs.18,350/10gm and moved between Rs.18,276-Rs.18,384/10gm. At 5.28 pm IST, the contract traded Rs.49 lower at Rs.18,295/10gm. August contract volumes clocked 24879 lots.
MCX gold mini, the most active August contract opened up Rs.20 at Rs.18,372/10gm. It fluctuated between Rs.18,282-18,389/10gm. At 5.29 pm IST, August contract traded lower Rs.51 at Rs.18,301/10gm. Total volumes in August contract clocked 28955 lots.
Benchmark silver September contract opened Rs.6 lower at Rs.28,758/kg. The contract fluctuated between Rs.28,525-Rs.28,816/kg. At 5.30 pm IST, silver September contract traded down Rs.185 at Rs.28,579/kg. Total volumes clocked 18581 lots.
MCX silver mini August futures opened up Rs.30 at Rs.28,798/kg and moved between Rs.28,526-Rs.28,820/kg. At 5.30 pm mini silver August futures traded down Rs.186 at Rs.28,582/kg. Total volumes recorded 24776 lots.
