Friday 16 June 2017

White metal little changed on global cues

Silver futures were little changed during evening trade in the domestic market on Friday as investors and speculators remained on the sidelines in the precious metal on firm US dollar after upbeat US economic data.

The greenback remained firm after data showed that the number of unemployment registrations fell sharply last week. Also, hiking of interest rate by the US Federal Reserve, too boosted the dollar.

At the MCX, silver futures for July 2017 contract is trading at Rs 38750 per kg, up by 0.07 per cent, after opening at Rs 38708, against a previous close of Rs 38721. 

It touched the intra-day high of Rs 38830.

Get Expert Advice Click Here & Register Now

No comments:

Post a Comment