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MCX SILVER MARKET NEWS UPDATE
Silver futures were trading lower during the late morning trade in the domestic market on Tuesday as traders trimmed their positions amid tracking weak trend in global markets.
Silver on MCX settled up 0.39% at 41068 as investors remained bullish on the precious metal while global bond yields and stocks continued to dip.
Investors continued to pile into safe-haven assets such as precious metals, as government bond yields worldwide tumbled to fresh record lows. Yields on the Germany 10-Year fell as low as 0.02%, as more than 75% of German government bond yields hovered in negative territory. Call Us :- 9827808090
At the MCX, Silver futures for July 2016 contract is trading at Rs 41,175 per kg, down by 0.66 %, after opening at Rs 41,312, against a previous close of Rs 41,447. It touched the intra-day low of Rs 41,127 (At 11:53 AM).
Silver
futures were trading lower during the late morning trade in the
domestic market on Tuesday as traders trimmed their positions amid
tracking weak trend in global markets.
Speculators indulged in trimming of positions at existing levels and a weak trend in precious metals globally, kept pressure on Silver futures.
At the MCX, Silver futures for July 2016 contract is trading at Rs 41,175 per kg, down by 0.66 per cent, after opening at Rs 41,312, against a previous close of Rs 41,447. It touched the intra-day low of Rs 41,127 (At 11:53 AM).ax
- See more at: http://www.investmentguruindia.com/CommodityTopNews/Silver-dips-on-weak-global-cues#sthash.cSJnjfDE.dpuf
Speculators indulged in trimming of positions at existing levels and a weak trend in precious metals globally, kept pressure on Silver futures.
At the MCX, Silver futures for July 2016 contract is trading at Rs 41,175 per kg, down by 0.66 per cent, after opening at Rs 41,312, against a previous close of Rs 41,447. It touched the intra-day low of Rs 41,127 (At 11:53 AM).ax
- See more at: http://www.investmentguruindia.com/CommodityTopNews/Silver-dips-on-weak-global-cues#sthash.cSJnjfDE.dpuf
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