Daily commodity-report BY epic research 24 Aug 2012
e DAILY COMMODITY REPORT 24TH AUGUST 2012 WWW.EPICRESEARCH.CO +91 9993959693
HEADLINES Gold buyers refrain as prices hit record high: Benchmark gold futures rose 1.26 per cent on Thursday to hit a new peak, driving away physical traders seeking to stock the yellow metal in the middle of the festive season. The key gold for October delivery on the Multi Commodity Exchange ( MCX) hit its peak at Rs 30,699 per 10 grams, before trading 1.09 per cent higher at Rs TRADING TIPS: 30,646, backed by overseas leads, though a stronger rupee kept the upside limited. Buy Silver above Silver futures climbs over 2 per cent on global 56850 for targets cues: 57050/57350 Amid a firming trend in global markets, silver futures Stop loss 56500 prices today rallied by over 2 per cent to Rs 58,350 per kg as participants created speculative positions. At the PAST Multi Commodity Exchange, silver for delivery in December spurted by Rs 1,203, or 2.1 per cent, to Rs PERFORMANCE: 58,350 per kg, with a business turnover of 1,025 lots Sell Gold below 30280 for targets 30220/30150 Stop loss 30370 Not executedWWW.EPICRESEARCH.CO +91 9993959693
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