DAILY COMMODITY REPORT BY EPIC RESEARCH-08 AUGUST 2012
DAILY COMMODITY REPORT 08TH AUGUST 2012WWW.EPICRESEARCH.CO +91 9993959693
HEADLINES Gold eases in listless trade, silver gains: Gold prices eased in listless trade at the domestic bullion market today, following lack of buying interest from stockists and investors at the existing levels. Standard gold (99.5 purity) went down by Rs 10 to close at Rs 29,755 per 10 grams from Mondays closing level of Rs 29,765. However, silver ready (.999 fineness) rose by Rs 35 per kg to conclude at Rs 53,715, as against Rs 53,680 yesterday. Copper slips after 2-day gains; Europe hopes support: London copper edged down on Tuesday after two sessions of gains although hopes that the euro zone would adopt fresh measures to shore up its faltering economy checked losses, while traders waited for a slew of data from top metals consumer China. Three-month copper on the London Metal Exchange had slipped 0.42 per cent to $7,463.75 per tonne by 0708 GMT. Prices have shed almost 15 per cent from the years peak in February and are now down nearly 2 per cent for the year.WWW.EPICRESEARCH.CO +91 9993959693
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