Caution weighs on Silver futures
13/04/2015 12:31
Silver futures were trading with slim losses in the domestic market on Monday as investors and speculators stuck to a cautious approach ahead of key US data this week including industrial production and consumer inflation that may have a bearing on the Fed’s timeline for rate hikes.
Further, Federal Reserve Bank of Richmond President Jeffery Lacker repeated calls for the world’s top central bank to raise its benchmark rate in June, while stressing that the rate could be adjusted downwards if economic data warranted.
At the MCX, Silver futures for May 2015 contract is trading at Rs 36,702 per 1 kg, down 0.03 per cent after opening at Rs 36,731, against the previous closing price of Rs 36,713. It touched the intra-day low of Rs 36,615. (At 12:19 PM).
13/04/2015 12:31
Silver futures were trading with slim losses in the domestic market on Monday as investors and speculators stuck to a cautious approach ahead of key US data this week including industrial production and consumer inflation that may have a bearing on the Fed’s timeline for rate hikes.
Further, Federal Reserve Bank of Richmond President Jeffery Lacker repeated calls for the world’s top central bank to raise its benchmark rate in June, while stressing that the rate could be adjusted downwards if economic data warranted.
At the MCX, Silver futures for May 2015 contract is trading at Rs 36,702 per 1 kg, down 0.03 per cent after opening at Rs 36,731, against the previous closing price of Rs 36,713. It touched the intra-day low of Rs 36,615. (At 12:19 PM).
