Silver futures were trading higher during the noon trade in the domestic market on Thursday as traders widened their bets at prevailing levels tracking firm trend in precious metals overseas.
Analysts said investors sought a haven from the sliding financial markets in the wake of the Brexit vote.
At the MCX, Silver futures for September 2016 contract is trading at Rs 47,815 per 10 grams, up by 0.06 per cent, after opening at Rs 47,949, against a previous close of Rs 47,788. It touched the intra-day high of Rs 47,984 (At 12:12 hours).
Analysts said investors sought a haven from the sliding financial markets in the wake of the Brexit vote.
At the MCX, Silver futures for September 2016 contract is trading at Rs 47,815 per 10 grams, up by 0.06 per cent, after opening at Rs 47,949, against a previous close of Rs 47,788. It touched the intra-day high of Rs 47,984 (At 12:12 hours).
Silver on MCX settled down -1.87% at 46893 edged lower, declined as the market awaited direction from U.S. nonfarm payrolls data. Silver fell taking a brief pause from its scorching, post-Brexit winning streak, as a favorable payroll indicator sent a strong harbinger for a critical U.S. jobs report at week's end. Follow epic research for more updates.
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