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Thursday, 22 May 2014

MCX silver July futures up 0.2% on global cues

MCX silver July futures was trading up by  Rs 84, or 0.25 percent at Rs 41,000 per kg today as profiteers created new positions in the back of the recovery of precious metals overseas.

Silver prices have dropped to Rs 12,463, or 23.33 per cent in the July series so far.

Market observers said new positions created by profiteers largely in tandem with a reassuring trend in the world markets, influenced silver prices in futures trading.

In the meantime, silver gained 0.20 per cent to USD 19.43 an ounce in Singapore.

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