 "Silver decline by 0.5% on global cues")
Silver prices fell by Rs 168 to Rs 38,760 per kg in futures trade today as speculators reduced their positions amid a weak global trend.
In futures trading at the Multi Commodity Exchange, silver for delivery in far-month July was trading Rs 168 lower, or 0.47%, at Rs 38,760 per kg in a business turnover of 565 lots.
Also, the metal for delivery in September fell by Rs 41, or 0.10%, to Rs 39,454 per kg in 22 lots.
Meanwhile, silver retreated 0.2% to $17.07 an ounce in Singapore.
In futures trading at the Multi Commodity Exchange, silver for delivery in far-month July was trading Rs 168 lower, or 0.47%, at Rs 38,760 per kg in a business turnover of 565 lots.
Also, the metal for delivery in September fell by Rs 41, or 0.10%, to Rs 39,454 per kg in 22 lots.
Also Read
Analysts said besides profit-booking by speculators, weak global trend, as prospects for the first US interest rate rise since 2006, helped in pushing the US dollar to a one-month high and reduced demand for the precious metals as an alternative investment.
Meanwhile, silver retreated 0.2% to $17.07 an ounce in Singapore.
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%