Silver futures down 0.25%
Traders pare exposure even as metal recovers in global market
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Silver prices fell by 0.25 per cent to Rs 43,747 per kg in futures trade today after participants reduced exposures even as metal recovered in the global market.
At the Multi Commodity Exchange, silver for delivery in March fell by Rs 111, or 0.25 per cent, to Rs 43,747 per kg in business turnover of 464 lots.
May silver declined by Rs 94, or 0.21 per cent, to Rs 44,705 per kg in business volume of 26 lots.
Market analysts said trimming of positions by speculators mainly weighed on prices but metal's strength overseas, capped the fall.
In the international market, silver rose 0.1 per cent to $19.36 an ounce in Singapore.
At the Multi Commodity Exchange, silver for delivery in March fell by Rs 111, or 0.25 per cent, to Rs 43,747 per kg in business turnover of 464 lots.
May silver declined by Rs 94, or 0.21 per cent, to Rs 44,705 per kg in business volume of 26 lots.
Market analysts said trimming of positions by speculators mainly weighed on prices but metal's strength overseas, capped the fall.
In the international market, silver rose 0.1 per cent to $19.36 an ounce in Singapore.
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First Published: Feb 04 2014 | 12:18 PM IST