Precious Metals
Silver futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the precious metal amid a pickup in physical demand for the bullion in the domestic spot market.
However, caution ahead of the US jobs data which may show strength in the labour market of the world’s biggest economy and may prompt the Fed to raise interest rates in the near-term, dimmed the appeal of silver as a store of value, trimming gains in the precious metal. The US economy may have added more than 200,000 jobs for a sixth straight month in July, data may show today.
At the MCX, Silver futures, for the September 2014 contract, closed at Rs. 44,484 per kg, up by 0.19 per cent, after opening at Rs. 44,393, against the previous closing price of Rs 44,399. It touched an intra-day high of Rs 44,580.
Research Via is a leading financial advisory provides free tips on Indian share market like equity tips, stock tips, stock options tips, bullions tips, agro tips, commodity tips, nifty tips, base metals & energy tips, comex tips, international forex tips, domestic forex tips, agri tips, commodity (mcx& ncdex) tips.
D A I L Y B U Z Z
SILVERSilver futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the precious metal amid a pickup in physical demand for the bullion in the domestic spot market.
However, caution ahead of the US jobs data which may show strength in the labour market of the world’s biggest economy and may prompt the Fed to raise interest rates in the near-term, dimmed the appeal of silver as a store of value, trimming gains in the precious metal. The US economy may have added more than 200,000 jobs for a sixth straight month in July, data may show today.
At the MCX, Silver futures, for the September 2014 contract, closed at Rs. 44,484 per kg, up by 0.19 per cent, after opening at Rs. 44,393, against the previous closing price of Rs 44,399. It touched an intra-day high of Rs 44,580.
Research Via is a leading financial advisory provides free tips on Indian share market like equity tips, stock tips, stock options tips, bullions tips, agro tips, commodity tips, nifty tips, base metals & energy tips, comex tips, international forex tips, domestic forex tips, agri tips, commodity (mcx& ncdex) tips.
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