The Multi Commodity Exchange (MCX) Gold and Silver near month future rates in India - 10 Feb 2017

Commodity Intraday Tips

The Multi Commodity Exchange (MCX) Gold and Silver near month future rates in India continues to trade with negative bias, on the back of weakness in NYMEX bullion market.

The shiny yellow metal has slipped below Rs 29,000 a 10 grams to hit a low of Rs 28,925 per 10 grams. Intra-day high for Gold is at Rs 29,016 per 10 grams.

Currently, MCX Gold April future rates are down 0.5 percent (Rs 132) at Rs 28,957 per 10 grams.

Around 3,265-odd lots have changed hands at the counter, while the open interest has stands at 6,865-odd lots.

In the international market, the NYMEX Gold April future are down almost a percent at $ 1,226 an ounce.

Meanwhile, March Silver prices are also down Rs 161 at Rs 41,870 per kg, or 0.4 percent.

The precious white metal has also dropped below Rs 42,000 per kg to register a low of Rs 41,793 per kg.

On the MCX 2,720-odd contracts have seen traded at the counter, and the open interest has added almost 400-odd contracts at 12,915 contracts.

The NYMEX Silver March future in the global market are, too, down almost a percent at $ 17.598.

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