Amid a weak trend overseas, silver prices dropped by 0.42 per cent to Rs 40,025 per kg in futures trade today as speculators cut down holdings.
At the Multi Commodity Exchange, Silver for delivery in July fell by Rs 170, or 0.42 per cent to Rs 40,025 per kg in business turnover of 1,074 lots.
In a similar fashion, the white metal for delivery in far-month September was trading lower Rs 159, or 0.39 per cent to Rs 40,600 per kg in 7 lots.
Market analysts said a weak trend in precious metals in the global markets and trimming of positions by participants at domestic spot market kept pressure on silver prices at futures trade.
Globally, silver shed 0.70 per cent at USD 16.31 an ounce in Singapore.
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