Silver futures down 0.2% on global cues
Prices fell as speculators trimmed their positions
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Silver futures for May traded lower by Rs 90, or 0.18%, to Rs 50,865 per kg in 708 lots.
At the Multi Commodity Exchange (MCX), the July contract declined by Rs 81, or 0.16%, to Rs 51,875 per kg in 46 lots.
Prices fell as speculators trimmed their positions amid weak domestic spot markets trend.
In Singapore, silver traded 0.60% lower at $26.80 an ounce.
Weak trend in precious metals in the global markets as investors reduced asset holdings amid optimism that a global economic recovery will curb safe-haven demand, led to fall in silver futures trade here.
At the Multi Commodity Exchange (MCX), the July contract declined by Rs 81, or 0.16%, to Rs 51,875 per kg in 46 lots.
Prices fell as speculators trimmed their positions amid weak domestic spot markets trend.
In Singapore, silver traded 0.60% lower at $26.80 an ounce.
Weak trend in precious metals in the global markets as investors reduced asset holdings amid optimism that a global economic recovery will curb safe-haven demand, led to fall in silver futures trade here.
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First Published: Apr 05 2013 | 2:16 PM IST