Silver prices fell 0.37 per cent to Rs 36,847 per kg Monday as participants reduced their exposure in tandem with low demand at the spot market.
On the Multi Commodity Exchange, silver to be delivered in July contracts was trading lower by Rs 497, or 0.37 per cent, to Rs 36,847 per kg in a business turnover of 22,397 lots.
Similarly, the white metal for delivery in September contracts was down by Rs 464, or 1.23 per cent, to Rs 37,325 per kg in 5,121 lots.
Analysts attributed the weakness in silver prices at futures trade to cutting down of positions by participants to book profits at current levels.
Meanwhile, silver was trading 1.77 per cent higher at USD 14.77 an ounce in New York.
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