Silver futures down 0.37% on weak overseas cues

Image
Press Trust of India New Delhi
Last Updated : Jul 28 2015 | 11:22 AM IST
Silver prices were down 0.37 per cent to Rs 33,805 per kg in futures trade today as speculators reduced their exposure amid a weak trend in global markets.
At Multi Commodity Exchange, silver prices for delivery in September traded lower by Rs 125, or 0.37 per cent, to Rs 33,805 per kg in business turnover of 603 lots.
Similarly, the metal for delivery in far-month December declined Rs 125, or 0.36 per cent, to Rs 34,575 per kg in business volume of 12 lots.
In the international market, silver prices fell 1.36 per cent to USD 14.54 an ounce in New York yesterday.
Analysts attributed the fall in silver prices in futures trade to a weak trajectory in global markets before the Federal Reserve policy makers scheduled to meet Tuesday.
*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: Jul 28 2015 | 11:22 AM IST

Next Story