ZOID RESEARCH 15-JULY-2014 : SILVER

Weakness in gold prices as Portugal fears receded led to a bout of selling as spot silver prices declined by 2.4 percent in yesterday’s session and closed at $20.9/oz. Decline in Nickel and Copper prices further exerted downside pressure on prices.

On the MCX, silver prices declined by 2.5 percent taking cues from weak international markets and closed at Rs.44912/kg.

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