Monday, 25 November 2013

RESEARCHVIA ~WEEKLY COMMODITY UPDATES - MCX COMMODITY TIPS

WEEKLY COMMODITY REPORT
Precious Metals

The MCX Silver December futures has extended some of its losses in late trade and dropped to a low of 44,764 - down Rs 476 from its day's high, on volatile rupee.

Thereafter, the Indian Silver recovered most of its losses and is now trading with a loss of 0.5 per cent (down Rs 222) at Rs 44,915.

Post, the Silver started the day marginally in green at Rs 45,167, up Rs 30 from its previous close of Rs 45,137, on the back of subdued global cues.

However, the Silver futures has touched a high of Rs 45,240, but soon slipped into red. The counter has seen trades of around 5,667 contracts, and the open interest has risen by 286- odd lots so far.

In the International markets, the Silver December so far has touched a high of $ 20.043 and a low of $ 19.833. The commodity is now down 0.3 per cent at $ 19.8


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