Monday, 13 October 2014
Mcx Trading Tips; Gold and silver rally on global cues
Silver followed suit and advanced by Rs 450 to Rs 39,250 per kg on increased offtake by industrial units and coin makers. Sentiments remained firm in precious metals on sustained buying by jewellers and retailers to meet ongoing festive season demand . MCX SILVERM November contract was trading at Rs 38702 up Rs 162, or 0.42 percent. The SILVERM rate touched an intraday high of Rs 39070 and an intraday low of Rs 38623. So far 13609 contracts have been traded. SILVERM prices have moved down Rs 11494, or 22.90 percent in the November series so far.
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