Silver futures traded lower by 0.13 per cent to Rs 38,840 per kg in futures trade Friday after participants reduced their holdings to book profits amid weak global cues.
At the Multi Commodity Exchange, silver for delivery in December was trading lower by Rs 49 or 0.13 per cent to Rs 38,840 per kg in a business turnover of 225 lots.
Also, the contract for delivery in November shed Rs 48 or 0.12 per cent to Rs 38,869 per kg in a business volume of 372 lots.
In the international market, silver was trading 0.07 per cent down at USD 14.65 an ounce in Singapore.
The fall in silver prices at futures trade was mostly due to offloading of bets by participants in line with a weak trend in the precious metals overseas, analysts said.
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