1. Silver futures edge down on subdued demand.
- Subjects
FUTURES ,COMMODITY futures ,OPEN interest ,SILVER coins ,INTEREST rates - Abstract
According to an article in Ace Analyser: Company News, silver futures on MCX have slightly decreased due to subdued demand in the domestic spot market. The article also mentions that escalating geopolitical tensions in the Middle East have had a negative impact on market sentiment. However, there is some expectation that the US Federal Reserve will begin cutting interest rates later this year, which has limited the losses. The contract for July delivery was trading at Rs 82,673.00, down 0.34% from its previous closing, while the contract for September delivery was trading at Rs 84,150.00, down 0.28% from its previous closing. [Extracted from the article]
- Published
- 2024