Silver down 0.2% on overseas cues

Metal for delivery in December lost Rs 38, or 0.11%

Press Trust of India New Delhi
Last Updated : Aug 19 2015 | 1:45 PM IST
Silver fell by Rs 75 to Rs 34,719 per kg in futures market today amid a weak global trend.

At the Multi Commodity Exchange, silver for delivery in September shed Rs 75, or 0.22 per cent, to Rs 34,719 per kg in a business turnover of 809 lots.

Also, the white metal for delivery in December lost Rs 38, or 0.11 per cent to Rs 35,503 per kg in 34 lots.

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Analysts said offloading of positions by speculators tracking a weak trend in global markets as investors await release of Federal Reserve minutes which may give further clues on the timing of an interest rate increase, boosted the case for a rise.

Globally, silver fell 2.94 per cent to USD 14.87 an ounce in Singapore.
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First Published: Aug 19 2015 | 12:02 PM IST

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