Silver Live Updates
SILVERMIC prices on MCX gained today. At 10:54 hrs MCX SILVERMIC November contract was trading at Rs 62655.00 up Rs 223.00, or 0.36%. The SILVERMIC rate touched an intraday high of Rs 62760.00 and an intraday low of Rs 62492.00. So far 9215 contracts have been traded. SILVERMIC prices have moved up Rs 1765.00, or 2.90% in the November series so far. Silver assets in exchange-traded products are poised to expand to a record, joining the biggest- ever hoards of gold and platinum, as increased stimulus from the world’s central banks spurs investors to amass precious metals.
The amount held in ETPs was 18,525.76 metric tons yesterday, 0.6 percent below the peak of 18,639.07 tons in April 2011, according to data compiled by Bloomberg. Silver, which also benefits from bets on economic recovery, has risen 22 percent this year, outperforming gold, platinum and palladium futures.
At 10:54 hrs MCX SILVERMIC February contract was trading at Rs 64370.00 up Rs 229.00, or 0.36%. The SILVERMIC rate touched an intraday high of Rs 64525.00 and an intraday low of Rs 64245.00. So far 824 contracts have been traded. SILVERMIC prices have moved up Rs 7870.00, or 13.93% in the February series so far.
Base Metal Updates
Base metals have closed in the red on the London Metal Exchange (LME), weighed down by fresh concerns over economic growth and a stronger US dollar.
At the close of open outcry trading on Monday, the LME's flagship three-month copper contract traded at $US8,183 a metric ton, down 1.2 per cent on the day. The red metal earlier fell as low as $US8,150/ton, down 1.6 per cent on the previous session.
Appetite for risk-related assets such as industrial metals took a knock on Monday as attention turned once more to the euro zone's debt crisis.
French President Francois Hollande and German Chancellor Angela Merkel made opposing comments on the integration of Europe's banking system over the weekend, undercutting investors' hopes of a breakthrough in the region's crisis.
SILVERMIC prices on MCX gained today. At 10:54 hrs MCX SILVERMIC November contract was trading at Rs 62655.00 up Rs 223.00, or 0.36%. The SILVERMIC rate touched an intraday high of Rs 62760.00 and an intraday low of Rs 62492.00. So far 9215 contracts have been traded. SILVERMIC prices have moved up Rs 1765.00, or 2.90% in the November series so far. Silver assets in exchange-traded products are poised to expand to a record, joining the biggest- ever hoards of gold and platinum, as increased stimulus from the world’s central banks spurs investors to amass precious metals.
The amount held in ETPs was 18,525.76 metric tons yesterday, 0.6 percent below the peak of 18,639.07 tons in April 2011, according to data compiled by Bloomberg. Silver, which also benefits from bets on economic recovery, has risen 22 percent this year, outperforming gold, platinum and palladium futures.
At 10:54 hrs MCX SILVERMIC February contract was trading at Rs 64370.00 up Rs 229.00, or 0.36%. The SILVERMIC rate touched an intraday high of Rs 64525.00 and an intraday low of Rs 64245.00. So far 824 contracts have been traded. SILVERMIC prices have moved up Rs 7870.00, or 13.93% in the February series so far.
Base Metal Updates
Base metals have closed in the red on the London Metal Exchange (LME), weighed down by fresh concerns over economic growth and a stronger US dollar.
At the close of open outcry trading on Monday, the LME's flagship three-month copper contract traded at $US8,183 a metric ton, down 1.2 per cent on the day. The red metal earlier fell as low as $US8,150/ton, down 1.6 per cent on the previous session.
Appetite for risk-related assets such as industrial metals took a knock on Monday as attention turned once more to the euro zone's debt crisis.
French President Francois Hollande and German Chancellor Angela Merkel made opposing comments on the integration of Europe's banking system over the weekend, undercutting investors' hopes of a breakthrough in the region's crisis.