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Thursday, 11 December 2014

Silver next year March futures contracts edges lower on global cues

Based on weak market signals in worldwide bullion, silver prices fell in MCX futures trading today as speculators sold themselves to cut positions.

At the Multi Commodity Exchange, Silver futures delivery in far-month March 2015 was down by Rs 83, or 0.21 per cent, to Rs 38,585 per kg.

In Delhi bullion market, Silver gained marginally owing to stray industrial demand. Silver (.999 fineness) added Rs 5 to settle at Rs 38,555 per kg as against Rs 38,550 yesterday.

In the international bullion market, Comex, silver futures for March delivery dipped 13.2 cents, or 0.77%, to trade at $17.05 a troy ounce.

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