Silver is well-known volatile, white metal had a delighted performance since the beginning of the year 2012. Silver is one of the top players for the month of January 2012 which returns handsome more than 19.36% at the international frontier. More information about MCX Silver visit my site mcx-trade-tips.blogspot.com
Though, at MCX, rupee appreciation has limited the upside.In the latest US CFTC commitment report of traders report, profitable net short positions have been gradually increasing while large speculators are steadily adding to their net long positions. Commercial are commonly hedgers while large speculators are big banks, institutions and HNI.
At India's Multi Commodity Exchange, Silver March contract has gained 4.89% this week so far closing at Rs 58787 per kg on Thursday trade. In Friday evening trade, silver March is trading marginally lower at Rs 58452 per kg.
India had recently tramped the import duty on silver from Rs 1510 per kg to 6% of value imported. The rupee impulsiveness has also stuck the precious metal used in industry, for investment and jewelry applications.
Though, at MCX, rupee appreciation has limited the upside.In the latest US CFTC commitment report of traders report, profitable net short positions have been gradually increasing while large speculators are steadily adding to their net long positions. Commercial are commonly hedgers while large speculators are big banks, institutions and HNI.
At India's Multi Commodity Exchange, Silver March contract has gained 4.89% this week so far closing at Rs 58787 per kg on Thursday trade. In Friday evening trade, silver March is trading marginally lower at Rs 58452 per kg.
India had recently tramped the import duty on silver from Rs 1510 per kg to 6% of value imported. The rupee impulsiveness has also stuck the precious metal used in industry, for investment and jewelry applications.
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