Silver prices moved down by 0.54 per cent to Rs 39,577 per kg in futures trade today as speculators cut down bets taking negative cues from the global market.
At the Multi Commodity Exchange, silver for delivery in September fell by Rs 216, or 0.54 per cent, to Rs 39,577 per kg in a business turnover of 635 lots.
Likewise, the white metal for delivery in December declined by Rs 199, or 0.49 per cent, to Rs 40,440 per kg in 3 lots.
Analysts attributed the fall in silver prices to offloading of positions by participants in tandem with a weak trend overseas.
Meanwhile, silver fell by 0.75 per cent to USD 15.90 an ounce in Singapore.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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