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News Topical, Digital Desk : Shares of the Multi Commodity Exchange ( MCX ) and Hindustan Zinc (Hindustan Zinc Share Price) rose sharply during trading on October 9, driven by a recent rally in silver prices. Domestic silver prices continued their upward trend, while futures prices fell due to profit-booking at higher levels.
Hw much did the shares of MCX and Hindustan Zinc jump?
MCX shares are trading at ₹8,748.50, up nearly 7 percent, and among the top gainers on the Nifty Capital Markets Index. Meanwhile, shares of Hindustan Zinc, India's largest silver producer, jumped nearly 5 percent on Thursday.
Some fluctuations in silver prices
Silver prices witnessed some volatility on October 9 as investors resorted to profit-booking at higher levels. Despite a rise in domestic prices, silver futures traded lower.
On the Multi Commodity Exchange (MCX), silver futures for December expiry fell 0.6 percent to Rs 1,48,945 per kg at 1.30 pm.
This decline comes a day after the contract hit a new all-time high.
Silver futures price for March and May expiry
Silver futures for March and May expiries also fell by about 0.5 percent and 0.4 percent, respectively. However, contracts for July and September expiries rose by up to 1 percent to hit new all-time highs of ₹1,55,546 per kilogram and ₹1,56,793 per kilogram, respectively.
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