Mcx bullions tips - Yellow metal in low gear; US retail sales data eyed as on 14 July, 2015

MCX Bullions Tips     -          Silver futures succumbed to notable losses in the indian market on this  Tuesday as investors and speculators exicted positions in the costly metal after a Greek debt deal easedconcerns over the Mediterranean nation’s retreat from the euro, curbing the lure for secure haven assets such as the Bullion.EU leaders have agreed to bail out the debt ridden Mediterranean nation after Greece agreed to ramp up reforms needed by creditors, sucesfull new European bailout aid worth 86 billion euro, helps the cash-strapped nation due to  a part of the single currency union. Prime Minister Alexis Tsipras took a U-turn on his stand on austerity measures, conform to creditors’ needs for streamlining value plus taxes, broadening the tax base to boost revenue and limiting pension costs.

At the MCX, Silver futures for September 2015 contract is trading at Rs 35,235 per 1 kg, down by 0.82 % after starting price  at Rs 35,437, opposed  the back closing price of Rs 35,527. It touched the intra-day top of Rs 35,230. (At 14:09 PM).