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As on Feb 27, 2021 12:00 AM Your results on : End Session    
Weekly Silver Review: MCX Silver Tests Low Near Rs 66500 Per Kg
27-Feb-2021 (11:58)
COMEX Silver futures tanked as three week highs above $28 per ounce failed to sustain amid a heavy slide in the precious metals. Silver fell sharply as rising US yields and worries over retail demand in India hurt the sentiments. The metal tested a one week low near $26.20 per ounce. MCX Silver futures also fell near Rs 66500 per kg but edged up thereafter as a sharp slide in Indian Rupee from one year high capped the losses for the commodity. Volatile equities and correction in Copper are keeping a check on Silver. Meanwhile, Silver imports in India were at just Rs 69 crores in January 2021, plunging 95% compared to January 2020. In current fiscal, Silver imports have dropped 67% to Rs 5824 crores. It will be interesting to see the trend in imports after the Finance Minister cut import duties on gold and silver to 7.5% from 12.5% earlier.

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27-Feb-2021 (11:45)
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27-Feb-2021 (11:43)
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