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Monday, 10 November 2014

MCX silver December futures decline 0.48 per cent on weak global cues

MCX Silver prices gained on earlier morning on Monday. But now silver bullish bet is looking beaming at downward. MCX silver is looking at a decline of 0.48 percent to Rs 34.628. In morning trade, Silver rate touched an intraday high of Rs 35190 and an intraday low of Rs 35022.

Silver has been falling in the last two years from the previous peaks. But the demand for silver back, experts say.

Silver for December delivery was down 0.8 percent to $ 15.595 an ounce in New York. He advanced a 2 percent on November 7, most in four weeks, recovering from the lowest since 2010.

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