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Wednesday 22 October 2014

MCX Silver futures fall 0.70% to Rs 38,500 on weak global cues

After yesterday's rally in gold and silver have started pressure. Despite the strengthening of the rupee's a decline trend in gold and silver on MCX.  By 0.7 per cent decline in the domestic market at MCX silver is trading at Rs 38, 500.



Yesterday, prices of silver on the international markets were increased along with gains in metals and gold. However, the strength in the dollar index crowned rally. But on the Comex today, silver futures for delivery in December yield 7.4 cents, or 0.42%, to trade at $ 17.47 a troy ounce.

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Thursday 16 October 2014

MCX Silver March futures contract gains Rs 190, or 0.48 percent to Rs 39,628

Silver futures prices on MCX were trading higher by Rs 190, or 0.48 percent to Rs 39,628 on Thursday. Elsewhere in metals trading on Comex, silver for December futures delivery slipped 0.25% to $17.420 a troy ounce.



Silver prices touched an intraday session high of Rs 39,695 and an intraday session low of Rs 39,421. Before trading evening, so far 199 contracts have been traded. Prices have gone down by Rs 6349, or 13.81 per cent in the March series so far.

KheloMCX Commodity Advisory  offers MCX Silver free trading tips, Intraday Silver tips, visit today for free advisory: http://khelomcx.com/free-trial-commodity-tips


Thursday 9 October 2014

MCX Silver December futures contract gained 1.5% on firm global cues

Silver prices gained on Thursday on MCX. Silver futures rallied sharply by 1.5 per cent to Rs 38,818 per kg today as profiteers established new positions amid a firming trend in the precious metal overseas.

At the Multi Commodity Exchange, silver futures delivery in December was up by Rs 407, or 1.5 per cent, at Rs 39,818 per kg. Prices hit an intraday high of Rs 38787 and an intraday low of Rs 38350. So far 2115 contracts have been traded. Silver prices have moved down Rs 12,341, or 24.20 percent in the December series so far.


KheloMCX.com Market analysts said, fresh positions built by profiteers greatly in tandem with a firming trend in the precious metal overseas as the Fed expressed his concern the American economy could be in jeopardy of a global downturn, weakening the dollar and increasing the demand for safe haven, such an influence silver prices on futures trading.

On Wednesday showed that Fed report also showed that the central bank of the US reduced its growth forecast due to the dollar higher and concerns about global economic weakness.

Elsewhere in metals trading, Comex, silver for December delivery surged 2.57% to $17.502 a troy ounce.


KheloMCX Commodity Advisory  offers MCX Silver free trading tips, Intraday Silver tips, visit today for free advisory: http://khelomcx.com/free-trial-commodity-tips

Wednesday 8 October 2014

MCX Silver December futures traded higher by 0.75% amid a firming trend in precious metals overseas

MCX Silver prices rose in the futures market today as speculators established new positions amid a firming trend in precious metals overseas.

At the Multi Commodity Exchange Silver December futures was trading at Rs 38,654 up Rs 290, or 0.75 percent. Prices touched an intraday high of Rs 38480 and an intraday low of Rs 38362. So far 1284 contracts have been traded into the MCX Commodity Exchange.


"IMF global growth estimates for this year and next year have reduced. According to the IMF, the Eurozone, Japan, and Brazil's economy is expected to slow. Global growth have estimated to cut lead in gold and silver. To firm up the international market, domestic bullion prices are getting support." KheloMCX.com Market analysts said

Also on the Comex, silver for delivery in December inserted at 9.7 cents, or 0.56%, to trade at $ 17.33 a troy ounce. Prices plunged to a four-year low of $ 16.64 on October 3.

KheloMCX Commodity Advisory  offers MCX Silver free trading tips, Intraday Silver tips, visit today for free advisory: http://khelomcx.com/free-trial-commodity-tips