2.02.2015 COMMODITY REPORT ON PRECIOUS METALS

MCX GOLD February contract was trading at Rs 27960 up Rs 65, or 0.23 percent. The GOLD rate touched an intraday high of Rs 28020 and an intraday low of Rs 27940. So far 191 contracts have been traded. GOLD prices have moved down Rs 279, or 0.99 percent in the February series so far. Gold steadied above $1,280 an ounce on Monday after posting its biggest monthly gain in three years in the prior session following weaker-than-expected U.S. economic growth in the fourth quarter. Spot gold was off 0.2 percent at $1,280.77 an ounce by 0036 GMT after rising 2 percent on Friday. It ended January with a gain of 8.4 percent, its largest monthly increase since January 2012. U.S. gold for April delivery rose 0.2 percent to $1,281.60 an ounce. MCX GOLD April contract was trading at Rs 27834 up Rs 62, or 0.22 percent. The GOLD rate touched an intraday high of Rs 27846 and an intraday low of Rs 27785. So far 888 contracts have been traded. GOLD prices have moved down Rs 1406, or 4.81 percent in the April series so far. 

MCX SILVER March contract was trading at Rs 38035 down Rs 70, or 0.18 percent. The SILVER rate touched an intraday high of Rs 38118 and an intraday low of Rs 37953. So far 1043 contracts have been traded. SILVER prices have moved down Rs 7942, or 17.27 percent in the March series so far. Silver prices on MCX were trading with marginal loss on Monday. MCX Silver May contract was trading at Rs 38640 down Rs 66, or 0.17 percent. The SILVER rate touched an intraday high of Rs 38664 and an intraday low of Rs 38569. So far 45 contracts have been traded. SILVER prices have moved down Rs 369, or 0.95 percent in the May series so far.