Commodity Market Update News 15 May 2013

Gold prices fell by Rs 326 to Rs 26,929 per 10 gm in futures trade today as speculators trimmed their positions, tracking a weak global trend. However, token buying by retailers in the spot markets on The auspicious occasion of "Akshya Tritya" restricted the losses.At the Multi Commodity Exchange, gold for delivery in August fell by Rs 326, or 1.20 per cent, to Rs 26,929 per 10 gm in business turnover of 973 lots.  Similarly, the yellow metal for delivery in the Junecontract lost Rs 296, or 1.10 per cent, to Rs 26,703 per 10 gm in 22,500...

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Commodity Market Update News 13 May 2013

Gold dropped 2.5 percent to a two-week low on Friday, on track for its biggest one-day drop since mid-April, as a breach of key chart levels prompted heavy selling of U.S. futures, already pressured by a stronger dollar. Traders said sell stops - automatic sale orders placed by traders at pre-set levels to limit losses. were triggered as the metal broke support at $1,445 and $1,440 an ounce, prompting a sharp move down to session lows at $1,428.40 an ounce. Spot gold fell as low as $1,420.60 an ounce and was down 2.4 percent at $1,422.75 an...

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TODAY MARKET UPDATE 09/May/2013

                                                            D A I L Y  B U Z Z Gold prices fell further by Rs 85 to Rs 27,565 per 10 gm in the national capital on Wednesday  on sluggish demand at current levels amid a weak global trend. However, silver found scattered buying support from industrial units and recovered by Rs 400  to Rs 45,700 per kg. Traders said sluggish demand...

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