Silver futures higher as Fed official signals slow interest
rate rise
21/05/2014 11:15
Silver futures were trading higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal after a top official from the US Federal Reserve signaled that the pace of interest rates increases by the central bank may be relatively slow, as the world’s most powerful central bank gets ready to unwind record QE.
Silver futures for July 2014 contract, at MCX, is trading at Rs. 41,230 per 10 grams, up by 0.49 per cent, after opening at Rs. 41,095, against the previous closing price of Rs 41,030. It touched an intra-day high of Rs 41,347. (At 11:05 AM).
21/05/2014 11:15
Silver futures were trading higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal after a top official from the US Federal Reserve signaled that the pace of interest rates increases by the central bank may be relatively slow, as the world’s most powerful central bank gets ready to unwind record QE.
Silver futures for July 2014 contract, at MCX, is trading at Rs. 41,230 per 10 grams, up by 0.49 per cent, after opening at Rs. 41,095, against the previous closing price of Rs 41,030. It touched an intra-day high of Rs 41,347. (At 11:05 AM).
