ZOID RESEARCH 30-JUNE-2014 : SILVER

In the international markets, the white metal rose by 0.77percent, touched a weekly high of $21.18/oz, and closed the week at $21.01/oz. Silver prices rose largely tracking strength in bullion prices as renewed interest by the speculators and weakness in the dollar index acted as a positive factor. Strength in the base metals complex on account of optimism in the US and Chinese economy also pushed the grey metal higher. On the MCX, silver price declined marginally 0.09 percent and closed at Rs.44529/kg.

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