MCX Commodity Market Updates Today 22 March 2013
Snapping a four-day rising streak, gold prices today fell by Rs 120 to Rs 30,250 per 10 grams here due to selling by stockists at existing higher levels amid a weak global trend.
Silver followed suit and fell by Rs 250 to Rs 54,750 per kg owing to lack of buying support from industrial units and coin makers.
Traders said stockists selling at prevailing higher levels amid a weak global trend mainly led to the fall in gold and silver prices. Gold in New York, which normally sets the price trend on the domestic front, fell by USD 6.10 to USD 1,606.70 an ounce and silver by 0.31 per cent to USD 28.82 an ounce.
Lead futures prices today rose by 0.68 per cent to Rs 119 per kg on higher spot demand and positive cues from global markets. At the Multi Commodity Exchange, lead for delivery in March traded 80 paise, or 0.68 per cent higher, at Rs 119 per kg, with a turnover of 2,099 lots. The metal for delivery in April also rose by 75 paise, or 0.67 per cent, to Rs 119.75 per kg in a turnover of 360 lots.
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