Silver futures slump Rs 180 to Rs 44,255 per kg

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Press Trust of India New Delhi
Last Updated : Nov 27 2019 | 1:10 PM IST

Silver prices on Wednesday fell by Rs 180 to Rs 44,255 per kg in futures trade as speculators reduced their bets in line with weak global trend.

On the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 180, or 0.41 per cent at Rs 44,255 per kg in a business turnover of 2,691 lots.

Also, the white metal for delivery in March next year was quoting lower by Rs 238, or 0.53 per cent, at Rs 44,928 per kg in a business volume of 522 lots.

In the international market, silver fell 0.28 per cent to USD 17.14 an ounce in New York.

Analysts said, weak trend in precious metals in global markets and trimming of positions by speculators weighed on silver futures here.

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First Published: Nov 27 2019 | 1:10 PM IST

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