Gold, silver crashes in future trading

Mumbai, May 20 (UNI) Prices of gold and silver crashed in the future trading on poor speculative demand by bearish operators, traders at the Multi-Commodity Exchange (MCX) today said.

Gold was quoted low at USD 639.30/659.50 per troy ounce, while silver was quoted low at USD 12.00/12.05 per troy ounce at the closing in the global markets, they added.

Following were the gold and silver futures trading rates in rupees during the end of first session: Commodity, open, high, low, close, prev close.

Gold Jun 06 9,871, 9,891, 9,753, 9,812.............9,863, Volume quantity 3,075 kg, worth Rs 30,159.97 lakh.

Gold Aug 06 10,037, 10,066, 9,955, 10,004.........10,066, Volume quantity 338 kg, worth Rs 3,380.35 lakh.

Gold Oct 06 10,267, 10,285, 10,215, 10,268.........10,317, Volume quantity 50 kg, worth Rs 512.50 lakh.

GoldHNI May 06, no trading Volume quantity nil kg, worth Rs nil lakh.

Silver Jul 06, 19,415, 19,499, 18,954, 19,172........19,339, volume quantity 87,330 kg, worth Rs 16,752.67 lakh.

Silver Sep 06, 19,945, 20,050, 19,501, 19,716........19,897, Volume quantity 2,100 kg, worth Rs 413.83 lakh.

Silver Dec 06, 21,099, 21,099, 20,201, 20,459........20,684, Volume quantity 1,530 kg, worth Rs 313.22 lakh.

UNI VD KU SKB1701