ZOID RESEARCH 9-OCT-2014 : SILVER

Spot silver prices rose by around 1.2 percent in tandem with gains in gold prices. Weakness in dollar index, rise in speculative interest after the release of the minutes of the Federal Reserve and worse economic condition in Europe sets the tone for silver prices to gain further.On the MCX, silver prices declined by around 0.38 percent and closed at Rs.38217/kg.

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