 "Silver falls by 0.4% amid weak global trend")
Silver slid 0.45% to Rs 33,869 per kg in futures trade today amid a weak global trend and subdued demand at domestic spot market.
At the Multi Commodity Exchange, silver for delivery in September contracts lost Rs 153, or 0.45% to Rs 33,869 per kg, with a turnover of 387 lots.
Also, silver for delivery in December nosedived by Rs 148, or 0.43% to Rs 34,650 per kg in a turnover of five lots.
Globally, silver was trading 1.31% lower at $14.65 an ounce in Singapore.
At the Multi Commodity Exchange, silver for delivery in September contracts lost Rs 153, or 0.45% to Rs 33,869 per kg, with a turnover of 387 lots.
Also, silver for delivery in December nosedived by Rs 148, or 0.43% to Rs 34,650 per kg in a turnover of five lots.
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The fall in prices was mostly in tandem with a weakening trend in global market driven by speculation that the US may raise interest rates this year, diminishing the appeal of the precious metal as an alternative asset.
Globally, silver was trading 1.31% lower at $14.65 an ounce in Singapore.
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