Silver down 0.1% on global cues
Metal for delivery in July declined by 0.11%
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Amid a weakening trend overseas, silver prices fell by 0.14% to Rs 40,071 per kg in futures trade today as speculators reduced their exposures.
At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 58, or 0.14%, to Rs 40,071 per kg in business turnover of 45 lots.
On similar lines, the white metal for delivery in July declined by Rs 45, or 0.11%, to Rs 39,974 per kg in business volume of 880 lots.
In the international market, silver traded 0.32% lower at $18.98 an ounce in Singapore.
Market analysts said a weak trend in precious metals in the global markets as an improving US economy reduced appeal of the precious metals, weighed on silver futures here.
At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 58, or 0.14%, to Rs 40,071 per kg in business turnover of 45 lots.
On similar lines, the white metal for delivery in July declined by Rs 45, or 0.11%, to Rs 39,974 per kg in business volume of 880 lots.
In the international market, silver traded 0.32% lower at $18.98 an ounce in Singapore.
Market analysts said a weak trend in precious metals in the global markets as an improving US economy reduced appeal of the precious metals, weighed on silver futures here.
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First Published: May 30 2014 | 11:26 AM IST