Silver futures down on reduced offtake

Weak global trend influenced silver futures trade here

Press Trust of India New Delhi
Last Updated : Feb 06 2013 | 4:13 PM IST
Silver futures for May fell by Rs 250 to Rs 59,491 per kg in 368 lots.

At the Multi Commodity Excahnge (MCX), the March contract declined by Rs 216, or 0.37% to Rs 58,140 per kg in 8691 lots.

reduced offtake by traders on subdued demand in the spot market amid a weak global trend.

Reduced offtake by traders on sluggish spot market demand affected the trade.

Weak global trend influenced silver futures trade here.

In Londin, silver shed 0.38% to $31.70 an ounce.
*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

More From This Section

First Published: Feb 06 2013 | 4:12 PM IST

Next Story