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Wednesday, 22 October 2014

MCX Silver futures fall 0.70% to Rs 38,500 on weak global cues

After yesterday's rally in gold and silver have started pressure. Despite the strengthening of the rupee's a decline trend in gold and silver on MCX.  By 0.7 per cent decline in the domestic market at MCX silver is trading at Rs 38, 500.

Yesterday, prices of silver on the international markets were increased along with gains in metals and gold. However, the strength in the dollar index crowned rally. But on the Comex today, silver futures for delivery in December yield 7.4 cents, or 0.42%, to trade at $ 17.47 a troy ounce.

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