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Wednesday, 1 April 2015

MCX Silver July contract gains 0.55 percent to Rs 37850

Silver prices on MCX was trading higher amid a firm global trend. On Wednesday, after data showed that U.S. non-farm private employment rose at the slowest pace in ten months.

At MCX SIlver futures for July delivery was trading at Rs 37,850 up Rs 206, or 0.55 percent. Silver touched an morning intraday session high of Rs 37,931 and an intraday low of Rs 37,824. So far only 25 futures contracts have been traded at the Multi Commodity Exchange.

At the Delhi bullion market today, Silver also found buying support and silver ready recovered by Rs 150 to Rs 37,350 per kg and weekly-based delivery by Rs 90 to Rs 37,260 per kg.

While, silver coins continued to be traded at the last level of Rs 56,000 for buying and Rs 57,000 for selling of 100 pieces.

Elsewhere on the Comex, silver May futures delivery tacked on 9.9 cents, or 0.6%, to trade at $16.69 a troy ounce.

Now investors concentrated their attention on the US employment report Friday, February for more information on the future path of monetary policy.

Analysts had been expecting a reading of 49.7, slightly lower than the 49.9 reading in February.

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