White metal slips after strong US jobs data
08/08/2016 12:47
Silver futures were trading lower during the noon trade in the domestic market on Monday as traders cut down their bets in the precious metal after better-than-expected US July jobs data which could increase the possibility of the interest rate hike by the US Federal Reserve.
Non-farm payrolls in the US climbed 255,000 in July, following a revised 292,000 gain in June, against an estimated 180,000 additions.
At the MCX, silver futures for September 2016 contract is trading at Rs 45,990 per kg, down by 0.51 per cent, after opening at Rs 46,110, against a previous close of Rs 46,225. It touched the intra-day low of Rs 45,892 (at 12:33 hours).
08/08/2016 12:47
Non-farm payrolls in the US climbed 255,000 in July, following a revised 292,000 gain in June, against an estimated 180,000 additions.
At the MCX, silver futures for September 2016 contract is trading at Rs 45,990 per kg, down by 0.51 per cent, after opening at Rs 46,110, against a previous close of Rs 46,225. It touched the intra-day low of Rs 45,892 (at 12:33 hours).
