GOLD SILVER DAILY UPDATES FOR 13/OCT/2014

GOLD

Gold prices rose 0.72 per cent to Rs 27,080 per 10 grams in futures trade today as speculators created fresh positions after the precious metal climbed to almost two-week high in global markets.

At the Multi Commodity Exchange, gold for delivery in February next year was up by Rs 194, or 0.72 per cent, to Rs 27,080 per 10 grams in a business turnover of six lots.

The metal for delivery in December moved up by Rs 187, or 0.70 per cent, to Rs 26,924 per 10 grams in a turnover of 836 lots.

Gold rose by 0.40 per cent to USD 1,225.60 an ounce in Singapore, the highest since September 26.

SILVER

Silver prices fell by 0.55 per cent to Rs 38,402 per kg in futures trade today amidst profit-booking by speculators and a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 213, or 0.55 per cent, to Rs 38,402 per kg in a business turnover of 897 lots.

Similarly, the white metal for delivery in March declined by Rs 212, or 0.54 per cent, to Rs 39,080 per kg in a business volume of six lots.

In the international market, silver lost 0.50 per cent at USD 17.28 an ounce in Singapore.

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