Gold slips by Rs 200, silver loses Rs 600: Euro eyed

Published: Wednesday, October 19, 2011, 14:22 [IST]

Gold and silver fell in Indian market, despite ongoing festive season. Traders are gradually moving out of the metals ahead of European summit in the hope that European leaders will find a way out of the recent crisis.

So, investors will be closely watching the main event to take an appropriate positions.

Gold on Wednesday lost Rs 200 on MCX. The most-active gold for December delivery on MCX opened at Rs 26,650 per 10 grams, fell to Rs 26,446 in the afternoon session and was trading between Rs 26,457 – Rs 26,458 per 10 grams around 2:14 pm IST.

Gold for delivery in February opened low at Rs 26,930 per 10 grams and was trading in the range of Rs 26,717 – Rs 26,727 per 10 grams same time.

Gold for immediate delivery also fell and was seen at Rs 26,348 per 10 grams.

While the precious metal silver also registered a fall of Rs 600. The metal for delivery in December at the Multi Commodity Exchange, opened at Rs 53,075 per kg and was trading in the range of Rs 52,472 – Rs 52,478 per kg.

And, silver for immediate delivery was seen at Rs 52,291 per kg.

GoodReturns.in

Story first published: Wednesday, October 19, 2011, 14:22 [IST]

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