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Tuesday, 13 May 2014

MCX Silver September futures down 0.48% to Rs 42,592 per kg on global cues

In the midst of weakening trend overseas, MCX silver September prices declined 0.48 percent to 42,592 rupees per kg in futures trading on Tuesday as speculators lowered their exposures.

On MCX, silver for September delivery traded lower by Rs 204, or 0.48 percent, at 42,592 rupees per kg in. On the similar lines, the white metal for July delivery fell by Rs 169, or 0.30 percent at 41,917 rupees per kg.

- MCX Silverm June contract was trading at Rs 41944 down Rs 165, or 0.39%.
- MCX Silverm August contract was trading at Rs 42657 down Rs 177, or 0.41%.
- MCX Silverm November contract was trading at Rs 43750 down Rs 199, or 0.45%. 

In global market, silver quoted 0.82 percent to $ 19.34 an ounce in Singapore. Market analysts said a weak tendency in precious metals in global markets higher dollar weighed on silver futures here.

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