Silver futures ended higher in the domestic market on Monday after participants raised their bets amid firming global trends. Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas. At the MCX, silver futures for December 2016 contract ended at Rs 42,039/ kg, upward by 0.19 %, after opening at Rs 41,997, against a last close of Rs 41,958. It touched the intra-day max of Rs 42,570.
Gold futures ended lower in the domestic market on Monday as the U.S. dollar touched another eight-month high in the wake of data showing that the pace of growth among American manufacturers was better than expected in October. The dollar & gold often move inversely because a firmer buck leaves dollar-priced commodities less desirable to purchasers using another currency. At the MCX, gold futures for December 2016 contract ended at Rs 29743/10 grams, downward by 0.68 %, after opening at Rs 29,905, against a last close of Rs 29,946. It touched the intra-day low of Rs 29,730.