 "Silver futures down by 1.1% on global cues")
Silver prices fell by Rs 408 to Rs 37,987 per kg in futures trade today as speculators reduced their exposures amid a weakening trend overseas.
At the Multi Commodity Exchange, silver for delivery in May traded lower by Rs 408, or 1.06%, to Rs 37,987 per kg in a business turnover of 472 lots.
On similar lines, the white metal for delivery in July declined by Rs 365, or 0.94%, to Rs 38,448 per kg in a business volume of three lots.
Market analysts said a weak trend in precious metals in the global markets after Federal Reserve Chair Janet Yellen signalled that the US central bank may be on course to raise interest rates later this year, kept pressure on silver futures here.
At the Multi Commodity Exchange, silver for delivery in May traded lower by Rs 408, or 1.06%, to Rs 37,987 per kg in a business turnover of 472 lots.
On similar lines, the white metal for delivery in July declined by Rs 365, or 0.94%, to Rs 38,448 per kg in a business volume of three lots.
Also Read
In the international market, silver lost 0.2% at $16.91 an ounce in Singapore.
Market analysts said a weak trend in precious metals in the global markets after Federal Reserve Chair Janet Yellen signalled that the US central bank may be on course to raise interest rates later this year, kept pressure on silver futures here.
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%