Silver futures flat ahead of US jobs data
06/06/2014 11:39
Silver futures were trading on a flat note in the domestic market on Friday as investors and speculators stayed cautious over booking fresh positions in the precious metal ahead of the US jobs data for the month of May which may shape the outlook for the country’s monetary policy. However, the precious metal was supported by the European Central Bank (ECB)’s historic easing measures including a cut in the deposit rate to negative terrain and a reduction in the benchmark rate. At the MCX, Silver futures for July 2014 contract is trading at Rs. 40,298 per 1 kg, up by 0.04 per cent, after opening at Rs. 40113, against the previous closing price of Rs. 40,282. It touched an intra-day low of Rs 40,361. (At 11:27 AM).
06/06/2014 11:39
Silver futures were trading on a flat note in the domestic market on Friday as investors and speculators stayed cautious over booking fresh positions in the precious metal ahead of the US jobs data for the month of May which may shape the outlook for the country’s monetary policy. However, the precious metal was supported by the European Central Bank (ECB)’s historic easing measures including a cut in the deposit rate to negative terrain and a reduction in the benchmark rate. At the MCX, Silver futures for July 2014 contract is trading at Rs. 40,298 per 1 kg, up by 0.04 per cent, after opening at Rs. 40113, against the previous closing price of Rs. 40,282. It touched an intra-day low of Rs 40,361. (At 11:27 AM).
