 "Silver futures down 0.26% on lower global trend")
Tracking a weak global trend and profit-booking, silver prices moved down by 0.26 per cent to Rs 44,582 per kg in futures trade today as speculators partially offloaded positions.
At the Multi Commodity Exchange, silver for delivery in March moved down by Rs 118, or 0.26 per cent to Rs 44,582 per kg in business turnover of 209 lots.
May silver declined by Rs 106, or 0.23 per cent, to Rs 45,451 per kg in 19 lots.
Meanwhile, in Singapore, silver lost 0.20 per cent to USD 20.19 an ounce, snapping eight sessions of gains that was the longest rally since August.
At the Multi Commodity Exchange, silver for delivery in March moved down by Rs 118, or 0.26 per cent to Rs 44,582 per kg in business turnover of 209 lots.
May silver declined by Rs 106, or 0.23 per cent, to Rs 45,451 per kg in 19 lots.
Also Read
Market analysts said speculators trimmed positions in tandem with a weak global trend as recent advance damped physical demand and US Federal Reserve Chairman pledged to continue with a gradual tapering of stimulus, mainly weighed on the silver prices at futures trade.
Meanwhile, in Singapore, silver lost 0.20 per cent to USD 20.19 an ounce, snapping eight sessions of gains that was the longest rally since August.
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%