Mcx silver tips - Silver futures were trading higher during the noon trade in the domestic market on Thursday as traders built up fresh positions tracking firm trend in precious metals overseas.
Market analysts said rise in silver prices at futures trade attributed to the weakening of dollar and the delay in the Fed’s rate hike mainly on account of weak American jobs data.
Silver futures were trading higher during the evening trade in the domestic market on Yeasterday as traders built up fresh positions tracking firm trend overseas. Also, weaker greenback made silver cheaper for those holding other currencies, thus bolstering demand. Market analysts said fresh positions created by participants in line with a firm trend in global markets, mainly influenced silver prices at futures trade.
Yesterday , Silver futures for July 2016 contract is trading at Rs 39820 per kg, up by 2.08 per cent, after opening at Rs 39,050, against a previous close of Rs 39,010. It touched the intra-day high of Rs 39,880
At the MCX, Silver futures for July 2016 contract is trading at Rs 40,450 per kg, up by 0.49 per cent, after opening at Rs 40,495, against a previous close of Rs 40,254. It touched the intra-day high of Rs 40,737
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