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Monday 29 December 2014

MCX Silver March futures contract down 0.2%



Silver commodity futures prices on MCX were trading marginally down on Monday.

At the Multi Commodity Exchange, silver for delivery in March 2015, declined by Rs 77, or 0.21%, to Rs 37,238 per kg. Commodity prices touched an intraday high of Rs 37,377 and an intraday low of Rs 37,210. So far 496 futures contracts have been enter into commodity trade on MCX.

On the other hand, In Delhi bullion market silver ready fell by Rs 50 to Rs 37,250 per kg and weekly-based delivery by Rs 200 to Rs 37,250 per kg.

Silver coins, however, spurted by Rs 1,000 to Rs 60,000 for buying and Rs 61,000 for selling of 100 pieces

While in yellow metals trading in global marketplace, gained 0.53% to $16.233 a troy ounce.

Market participants said the fall in silver futures was mostly due to the discharge of the positions of the participants, even as the strength of the US dollar continued to weigh on bullion.

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Monday 22 December 2014

MCX Silver March futures contract slips near 3 percent



MCX Silver futures prices were trading lower on Monday taking weak cues from overseas markets.

As stronger rupee pressure remains on silver prices in the domestic market. However, the slight edge in the international market. The weak dollar and the market demand in Asia is slightly support.

At the Multi Commodity Exchange, in evening Silver futures contract delivery in March was trading at Rs 35,900 down Rs 1012, or 2.82 percent. Silver prices touched an intraday high of Rs 36976 and an intraday low of Rs 36891.

Elsewhere in metals trading at global market, silver for March delivery gained 0.84% to $16.165 a troy ounce.


Tuesday 16 December 2014

MCX Silver May futures contract slips 2.3% on weak global cues



Following a weak tendency overseas, silver futures prices may sold off sharply by over 2 per cent to Rs 38,051 per kg today as speculators were given to discharge positions.

Silver May 2015 contract was trading at Rs 38,051 down Rs 919, or 2.36 percent. Silver touched an intraday session high of Rs 38,080 and an intraday session low of Rs 37889. So far 62 contracts have been traded on MCX commodity Exchange.

Also, Silver futures delivery in March 2015 contracts lost Rs 387, or 1.00 per cent, to Rs 38,320 per kg.

Today at the bullion market in Delhi, Silver ready plunged by Rs 1,150 to Rs 37,050 per kg and weekly-based delivery by Rs 1,110 to Rs 37,390 per kg.

Silver coins also slumped by Rs 2,000 to Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces.

Meanwhile, On the Comex, New York Mercantile Exchange Silver futures for March delivery fell 2.21% at $16.1970 a troy ounce. And in Singapore, silver fell 1.00 per cent to $16.87 an ounce.

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Monday 15 December 2014

MCX Silver futures fall by 1% on speculators indulged in offloading positions tracking a weak trend overseas



Despite the weakness of the rupee against the dollar declining trend in bullion. While in global market silver is trading below $17. This has had an impact on the domestic market.

At the Multi Commodity Exchange, Silver futures contract delivery in March next year contracts lost Rs 387, or 1.00%, to Rs 38,320 per kg today as speculators indulged in offloading positions on weak global cues.

Also, Silver futures delivery in May 2015 was trading Rs 395, or 0.98% down at Rs 38,951 per kg.

KheloMCX Bullion Experts said the decline in silver futures was mostly due to a weakening trend in global markets prior to the Federal Reserve meets to evaluate the commitment to keep leverage costs low for some considerable time and offer guidance about the outlook for monetary policy.

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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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Tuesday 9 December 2014

MCX Silver futures trades higher over 2% to Rs 37,450 on global cues



Silver futures prices on MCX were trading higher on Tuesday. In the international market bullion has been again stronger as decline in the dollar index. Bullion prices in the domestic market has increased nearly 1-2 per cent. The rupee has also supported bullion in the domestic market. MCX Silver gained over 2% and traded near Rs 37,450.

At the Multi Commodity Exchange, Silver metal futures delivery in March traded higher by Rs 864, or 2.31%, to Rs 37,435 per kg.

In the capital city, Delhi silver ready retrieved by Rs 150 to Rs 36,800 per kg and weekly-based delivery by Rs 175 to Rs 36,800 per kg.

Furthermore, silver coins stayed stable over Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces.

Meanwhile,on the Comex, silver futures for March delivery jumped 16.9 cents, or 1.04%, to trade at $16.44 a troy ounce.

Analysts said overnight gains in bullion in global markets as signs of the money supply will be increased in Europe and Asia revived investor demand influenced futures prices of silver.

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Saturday 6 December 2014

MCX Silver prices slips over 1% in futures trade on weak global cues



Silver futures prices on MCX declined 1% in futures trade on weak global cues.

At the Multi Commodity Exchange, silver futures delivery in far-month May 2015 was trading at Rs 37,470 down Rs 428, or 1.13%. Silver futures touched an intraday high of Rs 37,583 and an intraday low of Rs 37,470.

In Delhi, silver ready held under selling pressure and poured out another Rs 200 to Rs 36,700 per kg.

However the delivery of a weekly basis traded higher by Rs 200 to Rs 36,700 per kg on increased buying by speculators.

Moreover, silver coins were wondered the last level of Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces in dispersed deals.

In the international marketplace, bullion fell on Friday after official data show a healthy rebound in US hiring boosted demand for the dollar, which trades inversely as the precious metal.

Elsewhere, Comex silver for March delivery was down 1.64% at $16.303 a troy ounce.


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Wednesday 3 December 2014

MCX Silver March futures prices slips at Rs 36813 down 0.60 percent

 

Silver futures prices on MCX slipped on today. At the Multi Commodity Exchange, Silver March futures contract was trading at Rs 36,813 down Rs 224, or 0.60 percent. Prices touched an intraday session high of Rs 37,077 and an intraday session low of Rs 36,710.

MCX silver May contract was trading at Rs 37,434 down Rs 205, or 0.54 percent. Prices of silver hit an intraday session high of Rs 37660 and an intraday session low of Rs 37,434.

Comex gold is sluggish and the price appears to be around $1200. Silver is seeing more fall than gold. About 0.5 per cent decline of the price on COMEX silver is trading below $16.4.

In Delhi bullion market, silver ready also dropped by Rs 100 to Rs 36,900 per kg and weekly-based delivery by Rs 270 to Rs 36,070 per kg.

Moreover, silver coins resumed their journey up and rose by another Rs 1,000 to Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces in demand wedding season.

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Monday 1 December 2014

MCX Silver futures contracts down over 4% on weak global trend



Amidst a weak tendency in world markets and weaker demand in the domestic spot markets, prices MCX silver futures were well below 4.2%.

At the Multi Commodity Exchange, Silver May futures contract was trading at Rs 34,690 down Rs 1453, or 4.02 percent. Silver touched an intraday high of Rs 34,751 and an intraday low of Rs 34,635.

Similarly, Silver futures contract in March down Rs 1,414, or 4% to Rs 33,949 per kg.

Meanwhile, at global marketplace Comex Silver futures for March delivery fell 0.27% to $15.405 a troy ounce. Spot silver dropped as much as 6.4 percent to $ 14.42 an ounce, its lowest level since August 2009.

Analysts said that silver dropped to its lowest level since 2009 after Swiss voters overwhelmingly rejected a proposal to increase bullion reserves of central banks, providing a new trigger massive sales in an already nervous market.


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