MCX Silver Holds Well Above Rs 60000 Per Kg On Firm Global Cues

28 Jun 2022 , 04:15 PM

MCX Silver futures moved up in a steady manner today, rising in tune with the global cues as the commodity edged up following a latest drop to the one month low mark. The COMEX Silver futures currently quote at $21.28 per ounce, up 0.51% on the day. MCX Silver futures are trading at Rs 60400 per kg, up 0.77% on the day. A deep slide in the Indian Rupee, which tested a fresh lifetime low near 79 per US dollar, is keeping Silver elevated in local futures market. The metal is likely to see a protracted demand environment in India in near term as the monsoon season enters its peak. Large scaled buying could only be seen in the festive season. Powered by Commodity Insights