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Friday 19 September 2014

MCX Silver futures down over 1% at Rs 40,520 on global cues

In the midst of weakening trend overseas, mcx silver prices dropped more than 1% to Rs 40,520 per kg in futures trading today as speculators trimmed trade positions.

At the Multi Commodity Exchange, silver futures delivery in far-month December traded lower by Rs 409, or 1.01 per cent, to Rs 40,520 per kg.

KheloMCX.com Market analysts said silver dropped into domestic and world futures markets after the Federal Reserve raised its interest rates this week, the dollar strengthened.

Silver futures delivery in December fell 0.4 percent to $18.445 an ounce in New York Comex exchange. It reached $18.27 yesterday, the lowest since June 2013.

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Friday 12 September 2014

MCX Silver futures prices slide down below Rs 41,110 per kg on weak global trend

Tracking a weak global trend, mcx silver futures prices today slide down below Rs 41,110 per kg as speculators reduced positions.

At the Multi Commodity Exchange, Silver December futures fell by Rs 173, or 0.42 per cent, to Rs 41,097 per kg. Silver prices hit an intraday high of Rs 41315 and an intraday low of Rs 41040.


Khelo MCX Analysts said that a weak tendency in bullion metals overseas on speculation that borrowing costs in the United States will go up sooner than expected fortified the dollar, eroding the demand for precious metals as an alternative investment, pulled primarily by the silver prices in futures trade here.

Bullion metals found a bit of support, however, after that US President, Barack Obama on Wednesday said in a speech to the nation that the United States conducting a "systematic campaign" of air strikes against activists of the Islamic State in Syria.

At Comex, silver for December delivery edged up 0.15% to trade at $18.627 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

Friday 5 September 2014

Silver December futures moves down to Rs 42,000 on overseas cues

Stronger of dollars put so much pressure on bullion market. Dominates in the domestic market sell-off. MCX silver is seen around 0.1 per cent decline to Rs 42,000.

At the Multi Commodity Exchange commodity market today, Silver futures for delivery in far-month December fell by Rs 41, or 0.10 per cent, to Rs 42,035 per kg. Silver prices hit an intraday high of Rs 42185 and an intraday low of Rs 41330.



Khelo MCX Bullion Market analysts said speculators slashed positions in line with weak global trend ahead of the decision of the European Central Bank to cut interest rates and implementing a asset securitization program and the covered bond purchase continued to control market sentiment, largely helped lower trade in the silver futures market here.

Elsewhere on the Comex, silver for December delivery edged down 0.08% to trade at $19.123 a troy ounce.

Bullion slipped 1.8 percent this week on the outlook for higher U.S. interest rates and as the dollar strengthened.

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 4 September 2014

MCX Silver futures up at Rs. 41,920 per kg as recovery in precious metals overseas

MCX Silver prices were trading with gains on Thursday in futures market amidst speculators created fresh positions on the back of recovery in the precious metals overseas.

At the Multi Commodity Exchange futures market today,Silver September contracts traded higher by Rs. 127 or 0.3 per cent at Rs. 41,920 per kg. Silver prices hit an intraday high of Rs 42343 and an intraday low of Rs 41542.


KheloMCX.com Market analysts said. "fresh positions created by speculators in tune with a recovery in bullion market in globally on speculation that investors assessed tensions in Ukraine and the outlook for higher U.S. borrowing costs, influenced silver prices at the futures trade."

 At NewYork Comex Silver for December delivery was up 0.15% at $19.218 a troy ounce. Spot silver rose 0.1 percent to $19.2058 an 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

Monday 1 September 2014

MCX Silver futures fall 0.25% to Rs 42,150 per kg amidst a weak global trend



Silver futures prices on MCX were trading lower on Monday amidst a weak global trend.

At the Multi Commodity Exchange in futures trade today, Silver September contract was trading at Rs 42150 down Rs 105, or 0.25%. Silver prices hit an intraday high of Rs 42230 and an intraday low of Rs 42110. So far 275 contracts have been traded.

Meanwhile, MCX Silver December futures contract was trading at Rs 42865 down Rs 80, or 0.19 percent. Prices touched an intraday high of Rs 42900 and an intraday low of Rs 42818. So far 665 contracts have been traded.
"There is still pressure in gold and silver. The effect of the decline in the international market is being witnessed in the domestic market. Declining trend last week and this week is beginning with pressure. MCX gold is trading around 0.3 per cent to Rs 27900. While silver fell by 0.25 per cent to Rs 42,150." KheloMCX commodity experts said.
 In the meantime, silver was quoted below $ 19.49 an ounce in Singapore today of $ 19.46 on August 29.

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