Silver prices softened by 0.80% to Rs 58,200 per kg in futures trading today after speculators reduced their positions, tracking weak global markets. At the MCX, silver for delivery in September declined by Rs 472, or 0.80% to Rs 58,200 per kg, with a business turnover of 39 lots and the white metal for delivery in July fell by Rs 452 or 0.78% to Rs 57,467 per kg in 1,127 lots.
Precious metals prices are trading lower today. We expect some profit-taking in the prices of precious metals after a series of continuous upward rally in the previous trading sessions. Industrial metals prices are trading lower today. Crude oil prices are trading firm today. We expect crude oil prices to trade firm on account of firm global equity markets.
Precious metals prices are trading lower today. We expect some profit-taking in the prices of precious metals after a series of continuous upward rally in the previous trading sessions. Industrial metals prices are trading lower today. Crude oil prices are trading firm today. We expect crude oil prices to trade firm on account of firm global equity markets.
Gold and silver inched down as fears over Greek debt default have started to ease making bullions less attractive but a weak dollar limited the fall. Crude oil took a dip after trading near the three week high initially. Crude oil inventory forecast shows a fall in inventories. Now the focus is shifting towards the US non-farm payrolls to be released on Friday, which is expected to rise at a slower rate in May.
