Silver rises on robust global cues 30/05/2017

Silver rises on robust global cues
30/05/2017

Silver futures closed higher in the domestic market on Monday tracking a firming trend in precious metals overseas as speculators widened their positions. Market analysts said speculative position built up by participants, driven by firm global trend, mainly contributed to the rise in silver prices at futures trade.
At the MCX, silver futures for July 2017 contract closed at Rs 40,360 per kg, up by 0.67 per cent, after opening at Rs 40,101, against a previous close of Rs 40,091. It touched the intra-day high of Rs 40,367.
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