Amid profit-booking by traders, silver prices fell by 0.02 per cent to Rs 37,358 per kg Wednesday even as the metal strengthened overseas.
On the Multi Commodity Exchange, silver for delivery in May fell by Rs 9, or 0.02 per cent, to Rs 37,358 per kg with a business turnover of 22,600 lots.
Similarly, the white metal for delivery in July traded lower by Rs 17, or 0.04 per cent, at Rs 37,904 per kg in 83 lots.
Traders said off-loading of positions by participants to book profits led to the fall in silver prices here. However, a firm trend in global market capped the fall.
Globally, silver rose 0.95 per cent to USD 15.16 an ounce in Singapore Wednesday.
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