Saturday, 9 November 2013

RESEARCH VIA - MCX COMMODITY TIPS FOR 11.nov.2013

Precious Metals
D A I L Y

B U Z Z

Silver prices gained 0.41 per cent to Rs 50,156 per kg in futures trading today as speculators enlarged positions, driven by a rise in demand in the spot market amid a firm global trend.

At the Multi Commodity Exchange, silver for delivery in far-month March gained Rs 203, or 0.41 per cent, to Rs 50,156 per kg in business turnover of 54 lots.

Similarly, the white metal for delivery in December traded higher by Rs 142, or 0.29 per cent, to Rs 48,582 per kg in 1,737 lots.

Market analysts said fresh positions built up by speculators on the back a rise in demand in the spot market amid a firm global trend mainly led to rise in silver prices at futures trade.

Meanwhile, silver rose by 0.1 per cent to $21.68 an ounce in Singapore.





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