Silver ended weak tracking weakness in Gold prices on weekend amid strength in the US Dollar index after zooming Friday as the dull U.S. jobs report for August drove some investors and traders from international market back into haven-seeking mode. Silver closed the week at 65898.
MCX Silver September delivery contract rose by 1.20 percent to 66649 rupees per kilogram. Closing above 66600 rupees on daily basis will help to shoot price at 68000 in coming days.
Commodity Outlook :
Volumes are likely to remain low today amid holiday in U.S. and precious metals expected to remain choppy for day. Volatility in currency and equity markets will continue to determine market direction.
MCX Silver September delivery contract rose by 1.20 percent to 66649 rupees per kilogram. Closing above 66600 rupees on daily basis will help to shoot price at 68000 in coming days.
Commodity Outlook :
Volumes are likely to remain low today amid holiday in U.S. and precious metals expected to remain choppy for day. Volatility in currency and equity markets will continue to determine market direction.
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