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Tuesday, 18 November 2014

MCX Silver March futures trades higher by 1.77 percent at Rs 37,033 per kg

Silver futures prices on MCX trades higher on Tuesday. At the Multi Commodity Exchange, Silver futures prices were strongly up by 1.77 percent at Rs 37,033 per kg today as white metal traders built fresh positions buoyed by firm global cues. Silver prices touched an intraday session high of Rs 36,576 and an intraday low of Rs 36491. So far 48 contracts have been enter into morning trade session.

On the global marketplace, Bullion rose to the highest in two weeks after Russia said it added more bullion to its reserves and as a fall in the dollar boosted demand for the metal as an alternative investment.

In New York, Comex Silver futures for delivery in December rose 1.1 percent to $16.235 an ounce.

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