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Silver futures fall on weak overseas cues

Speculators trimmed their exposure amid a weak trend in global markets

Press Trust of India  |  New Delhi 

Silver futures fall on weak overseas cues

fell by Rs 22 to Rs 41,497 per kg in futures trade today as speculators trimmed their exposure amid a weak trend in global

At Multi Commodity Exchange, silver for delivery in July was trading lower by Rs 22 or 0.05% to Rs 41,497 per kg in a business turnover of 674 lots.


The metal for delivery in far-month September fell by a similar margin to trade at Rs 42,244 per kg in 20 lots.

In the international market, silver fell 0.34% to $17.35 an ounce in New York yesterday.

Traders attributed the fall in silver in futures trade to a weak trajectory in global and emergence of profit-booking by speculators at prevailing levels.

First Published: Wed, June 15 2016. 11:02 IST
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