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Monday, 1 September 2014

MCX Silver futures fall 0.25% to Rs 42,150 per kg amidst a weak global trend



Silver futures prices on MCX were trading lower on Monday amidst a weak global trend.

At the Multi Commodity Exchange in futures trade today, Silver September contract was trading at Rs 42150 down Rs 105, or 0.25%. Silver prices hit an intraday high of Rs 42230 and an intraday low of Rs 42110. So far 275 contracts have been traded.

Meanwhile, MCX Silver December futures contract was trading at Rs 42865 down Rs 80, or 0.19 percent. Prices touched an intraday high of Rs 42900 and an intraday low of Rs 42818. So far 665 contracts have been traded.
"There is still pressure in gold and silver. The effect of the decline in the international market is being witnessed in the domestic market. Declining trend last week and this week is beginning with pressure. MCX gold is trading around 0.3 per cent to Rs 27900. While silver fell by 0.25 per cent to Rs 42,150." KheloMCX commodity experts said.
 In the meantime, silver was quoted below $ 19.49 an ounce in Singapore today of $ 19.46 on August 29.

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