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Friday, 6 February 2015

MCX Silver May contract gains of Rs 38354 by 0.6% on overseas cues



Silver futures prices on MCX gained on Friday for the third straight day. At the Multi Commodity Exchange, Silver May futures contract was trading at Rs 38354 up Rs 216, or 0.57 percent.

Silver futures touched an Intraday high of Rs 38388 and an Intraday low of Rs 38310 on Friday morning trading on MCX.

Commodity futures Advisory said, extending of positions by speculators on the back of the firming worldwide trend largely kept prices higher in silver futures trading.

On the other hand, at the bullion market in Delhi, silver ready moved down by Rs 250 to Rs 38,350 per kg and weekly-based delivery by Rs 425 to Rs 38,140 per kg.

Silver coins traded at the previous level of Rs 63,000 for buying and Rs 64,000 for selling of 100 pieces.

Elsewhere Globally, in white metals trading, silver for March delivery edged up 0.09% to $17.212 a troy ounce.

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