Silver Price: Domestic silver futures finished a volatile session on Friday mildly lower, as investors awaited US jobs data following a slump in global equities amid concerns about a slow recovery from the coronavirus pandemic. Multi Commodity Exchange (MCX) silver futures - due for a delivery on December 4 - moved in a range of more than Rs 1,500, between Rs 66,363 and Rs 67,910, mostly trading in the positive territory. The MCX silver futures contract settled at Rs 66,860 for the day, down 0.10 per cent - or Rs 66 - from its previous close of Rs 66,926. (Track Current Silver Price Here)
MCX gold futures - due for a delivery on October 5 - rose by Rs 139 - or 0.27 per cent - to Rs 50,881.
In the international market, spot silver was last seen trading 0.24 per cent higher at $26.94 per ounce, having moved within a range of $26.52-27.14 per ounce earlier.
The dollar index - which gauges the greenback against six currencies - gained as much as 0.39 per cent.
Analysts say US non-farm payrolls data will be monitored closely for cues.
#Gold and #Silver Closing #Rates for 04/09/2020#IBJApic.twitter.com/yuzbB02iLy
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Meanwhile, the closing rate of silver jewellery stood at Rs 64,437 per kilogram, excluding Goods and Services Tax, according to Mumbai-based industry body India Bullion and Jewellers Association. Precious metal prices in the country vary from state to state due to VAT or value added tax. Jewellery prices are calculated by taking into account factors such as excise duty and making charges.
