Silver futures fall 0.06 to Rs 37,353/kg

Image
Press Trust of India New Delhi
Last Updated : May 07 2019 | 2:10 PM IST

Silver prices dropped 0.06 per cent to Rs 37,353 per kg in futures trade Tuesday amid profit-booking by participants and weak global cues.

At the Multi Commodity Exchange, silver for delivery in July contracts fell Rs 23, or 0.06 per cent, to Rs 37,353 per kg in a business turnover of 23,545 lots.

Traders said off-loading of positions by participants to book profits and a choppy trend in overseas markets mainly led to the fall in silver prices here.

Globally, silver was trading lower by 0.08 per cent to USD 14.92 an ounce in New York.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: May 07 2019 | 2:10 PM IST

Next Story