Silver falls 0.55% on profit-booking, global cues
At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 213, or 0.55 per cent, to Rs 38,402 per kg in a business turnover of 897 lots.
By PTI |
NEW DELHI: Silver prices fell by 0.55 per cent to Rs 38,402 per kg in futures trade today amidst profit-booking by speculators and a weak trend overseas.
At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 213, or 0.55 per cent, to Rs 38,402 per kg in a business turnover of 897 lots.
Similarly, the white metal for delivery in March declined by Rs 212, or 0.54 per cent, to Rs 39,080 per kg in a business volume of six lots.
In the international market, silver lost 0.50 per cent at USD 17.28 an ounce in Singapore.
Market analysts said apart from profit-booking by participants, a weak trend in precious metals in global markets, led to the fall in silver prices at futures trade here.
At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 213, or 0.55 per cent, to Rs 38,402 per kg in a business turnover of 897 lots.
Similarly, the white metal for delivery in March declined by Rs 212, or 0.54 per cent, to Rs 39,080 per kg in a business volume of six lots.
In the international market, silver lost 0.50 per cent at USD 17.28 an ounce in Singapore.
Market analysts said apart from profit-booking by participants, a weak trend in precious metals in global markets, led to the fall in silver prices at futures trade here.
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