Silver prices were down by Rs 72 to Rs 38,792 per kg in futures trade Wednesday after speculators reduced their exposure in sync with a weak trend overseas.
Silver for delivery in December was trading lower by Rs 72, or 0.19 per cent, at Rs 38,792 per kg in a business turnover of 23,444 lots at the Multi Commodity Exchange (MCX).
In the international market, silver fell 0.31 per cent to USD 14.69 an ounce in Singapore Wednesday.
Market analysts said, trimming of positions by participants to book profits amid muted global cues mainly led to a fall in silver prices at futures trade here.
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