Amid profit-booking by speculators after recents gains and a weak trend overseas, silver futures prices today fell by Rs 286 to Rs 60,320 per kg.
At the Multi Commodity Exchange, silver for delivery in September was trading Rs 286, or 0.47%, lower at Rs 6,320 per kg, with a turnover of 918 lots.
December silver dropped by Rs 260, or 0.42%, to Rs 61,761 per kg, with a business turnover of 15,919 lots.
Marketmen said besides profit-booking by speculators, a weak trend overseas put pressure on silver futures here.
A stronger dollar cut demand for metals as an alternative investment and anticipation ahead of European Central Bank policy makers meet was behind the weak global trend.
Meanwhile, silver fell by 0.80% to $32.45 an ounce in London today after reaching $32.42 yesterday.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app