Gold demand was weak due to a nationwide strike shutting many jewellery shops. Silver prices moved down 0.81% on global cues. The daily commodity report provides the previous day's trading statistics and analysis for various commodities such as gold, silver, crude oil, and agricultural goods. Charts are presented analyzing the trends in gold and silver prices.
2. HEADLINES
Gold demand weak as strike hits retail buying
Gold demand was sluggish on Thursday as many
jewellery shops were closed due to a nationwide strike,
although the price eased in the world's biggest
consuming market following a drop overseas. Schools,
shops and government offices were shut in some states
as protesters blocked road and rail traffic as part of a
TRADING TIP: one-day nationwide strike against sweeping economic
Buy Copper Nov reforms announced by the government last week.The
most-traded gold contract for October delivery was
Above 452.50 down 0.52 percent at Rs 31,850 per 10 grams by 4:17
p.m. It had hit a record high of Rs 32,421 last week.
TGTS- 454.50/457
SL-449.80
Silver moves down in futures trade on global
cues
Silver prices moved down by 0.81 per cent to Rs 63,960
PAST
per kg in futures trade today as speculators reduced
PERFORMANCE their positions amid negative cues from the global
markets. At the Multi Commodity Exchange, silver for
Buy Copper Nov
delivery in December moved down by Rs 520, or 0.81
Above 459.20 per cent to Rs 63,960 per kg in business turnover of
11,178 lots.
TGTS-461/463
SL-457.40
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