Silver futures ended lower in the domestic market on Friday as investors and speculators exited positions in the precious metal amid concerns that a pickup in the world’s biggest economy may prompt the US Federal Reserve to accelerate cuts in QE and raise interest rates sooner than anticipated, dimming the appeal of silver, a hedge against the inflationary risk of monetary stimulus.
Silver futures for May 2014 contract, at MCX, closed at Rs. 43,021 per 10 grams, down by 0.26 per cent after opening at Rs. 43,091, against the previous closing price of Rs 43,135. It touched an intra-day low of Rs 42,722.
For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704
0 comments :
Post a Comment