Silver down 0.3% on global cues
Metal for delivery in September declined by 0.35%
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Amid a weakening trend overseas, silver prices fell 0.38% to Rs 41,025 per kg in futures trade today as speculators trimmed positions.
At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 158, or 0.38%, to Rs 41,025 per kg in business turnover of 530 lots.
Similarly, the white metal for delivery in September declined by Rs 143, or 0.35%, to Rs 41,080 per kg in business volume of 20 lots.
In the international market, silver traded 0.20% lower at $19.39 an ounce in Singapore.
Market analysts said a weak trend in precious metals in the global markets, weighed on silver futures here.
At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 158, or 0.38%, to Rs 41,025 per kg in business turnover of 530 lots.
Similarly, the white metal for delivery in September declined by Rs 143, or 0.35%, to Rs 41,080 per kg in business volume of 20 lots.
In the international market, silver traded 0.20% lower at $19.39 an ounce in Singapore.
Market analysts said a weak trend in precious metals in the global markets, weighed on silver futures here.
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First Published: May 27 2014 | 11:28 AM IST