MCX Silver above 38,300 Sell Karma Mana Hai, If Silver Trading consistently above 38,300 We See Target Price 38660—38920
Silver MCX Just Keep Eye on 38300
Silver Prices rose by ₹170 to ₹38,670 per kg on increased offtake by industrial units and coin makers.
Traders said, positive trend overseas and rise in demand from local jewellers led to upward movement in the prices of yellow metal.
Gold prices surged by ₹425 to ₹33,215 per 10 gram in the national capital on Monday due to increased buying by jewellers amid firm trend overseas, according to the All India Sarafa Association.
In the international market, spot gold was trading higher at $1,298.30 an ounce, while silver moved upward to $15.23 an ounce in New York.
In the national capital, gold of 99.9% and 99.5% purity rose by ₹425 to ₹33,215 and ₹33,045 per 10 gram, respectively.
On Saturday, the yellow metal had closed at ₹32,790 per 10 gram.
However, sovereign gold held steady at ₹26,400 per eight gram.
Silver ready advanced by ₹170 to ₹38,670 per kg, while weekly-based delivery gained ₹594 to ₹37,753 per kg.
On the other hand, silver coins held flat at ₹80,000 for buying and ₹81,000 for selling of 100 pieces.
