Tuesday, 5 August 2014

Today Silver Tips for 05 August 2014

Precious Metals
D A I L Y B U Z Z
SILVER
Silver prices were marginally down by 0.08 per cent to Rs 44,391 per kg in futures trade today as speculators trimmed positions amidst a weak trend overseas.
 

At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 36, or 0.08 per cent, to Rs 44,391 per kg in a business turnover of 256 lots.
 

Similarly, the white metal for delivery in December declined by Rs 30, or 0.07 per cent, to Rs 45,160 per kg in a business volume of five lots.
 

In the international market, silver fell by 0.40 per cent to $20.25 an ounce in Singapore, the lowest since June 19.
 

Market analysts said offloading of positions by speculators, triggered by a weak trend in global markets, led to the fall in silver prices at futures trade here.


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