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Friday, 28 November 2014

MCX Silver March futures down 0.74 per cent with a weakening trend overseas

Prices of MCX silver futures fell Friday as speculators committed in lowering their positions to a large extent in sync with a weakening trend overseas.

At the Multi Commodity Exchange, silver to be delivered in the distant March the next contract year 2015 fell by Rs 270, or 0.74 percent, to 36,445 rupees per kg. Yesterday MCX Silver March futures contract had fallen by Rs 706, or 1.88 percent at Rs 36,793.

At the Multi Commodity Exchange, Silver DEC 2014 Opening Price Rs 35785.00. Prices of silver touched an intraday high of Rs 35785.00 and an intraday low of Rs 35580.00.

In the international market, Silver for immediate delivery fell as much as 1.2 percent to $16.0507 an ounce, the lowest since Nov. 20 and set to halt two weeks of gains.

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