Silver futures jump 1.5% to Rs 39176 per KGS 11/08/2017

Silver futures jump 1.5% to Rs 39176 per KGS
11/08/2017

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Silver futures closed higher in the domestic market on Thursday as geo-political tension between the United States and North Korea rise, which prompted investors to shift to safe heaven assets such as gold.In a fresh war of words between the US and North Korea, President Trump warned the Hermit country that it would have to face fire and fury like the world has never seen, if it doesn’t cease its threatening posture, which includes a series of ballistic missile tests, says an Economic Times report.
At the MCX, silver futures for September 2017 contract ended at Rs 39176 per KGS, up by 1.52 per cent, after opening at Rs 38682 against a previous close of Rs 38590. It touched the intra-day high of Rs 39520.

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