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Wednesday, 27 August 2014

Silver December futures prices on MCX trades flat

Prices of silver were trading flat on MCX on Wednesday.
At the Multi Commodity Exchange (MCX), Silver December futures contract was bid at Rs 42,749 up to Rs 32, or 0.07 percent. Silver touched an intraday high of Rs 42,758 and an intraday low of Rs 42700. So far 128 futures contracts have been traded. Silver futures prices have fallen Rs 8251, or 16.18 per cent in the December series so far. commodity experts said, "Yesterday published good economic data from the United States has taken away the shine of gold and silver. Gold and silver trading is extremely limited in the range. Consumer Confidence in America's data is quite good. Better than expected durable goods data as well. At MCX Silver is trading 0.1 per cent up to around Rs 42,000."

At global market, Silver for immediate delivery advanced 0.5 percent to $19.4594 an ounce.

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