AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

US gold futures dropped below $800 an ounce and other precious metals plunged in volatile trade on Thursday as commodity funds and investors dumped liquid assets and opted for cash amid heightened uncertainty in global markets. December gold settled down $34.50, or 4.1 percent, at $804.50 an ounce on the COMEX division of the New York Mercantile Exchange.
COMEX gold futures open interest down 2,085 lots to 321,411 lots as of October 15. COMEX estimated 1:00 pm volume at 138,174 lots. Spot gold was at $801.10/804.10 an ounce at 2:00 pm EDT (1800 GMT), down 5.6 percent from Wednesday's nominal close of $848.00. Silver tumbled below $10 an ounce. December silver ended down 54.50 cents, or 5.4 percent, at $9.635 an ounce, near a contract low.
Spot silver at $9.62/9.72, down 6 percent from Wednesday's nominal close of $10.23. NYMEX January platinum down $83.90, or 8.6 percent, at $891.30 an ounce, extending Wednesday's losses. Buyers were largely absent in PGM futures market as big firms were pulling out of commodities and opted for cash - Adam Rabinowitz at RJ Futures. Spot platinum at $872.00/892.00. December palladium down $22.50, or 11.5 percent, at $173.10 an ounce, after hitting a contract low of $165.05 an ounce. Spot palladium at $168.50/176.50.

Copyright Reuters, 2008

Comments

Comments are closed.