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Monday, 26 May 2014

MCX Silver July futures down 0.68% on global cues

Despite a weaker rupee in the domestic market, gold - silver has slipped. On MCX gold down 0.3 per cent to Rs 27400, and silver fell 0.7 per cent to close at Rs 40,900.

At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 253, or 0.68 per cent, to Rs 40,920 per kg. Similarly, silver for delivery in September declined by Rs 143, or 0.35 per cent, to Rs 41,080 per kg.

In the international market, silver traded 0.20 per cent lower at USD 19.39 an ounce in Singapore. 

Silver for July delivery on the Comex eased rose 0.01% at $19.420 a troy ounce.

Market observers said a weak tendency in white metals in global markets, weighed heavily on the silver futures here.

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