Silver futures down 0.25% on lower global trend
Speculators trimmed positions in tandem with a weak global trend as strength in the dollar curbed demand for the precious metals, put pressure on silver futures here
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A trader displays silver ornaments inside his shop in Ahmedabad
Tracking a weak global trend, silver prices moved down by 0.25% to Rs 45,006 per kg in futures trade today as speculators partially offloaded positions.
At the Multi Commodity Exchange, the July contract moved down by Rs 112, or 0.25%, to Rs 45,006 per kg in business turnover of 665 lots.
The September contract declined by Rs 103, or 0.23%, to Rs 45,654 per kg in 35 lots.
Market analysts said speculators trimmed positions in tandem with a weak global trend as strength in the dollar curbed demand for the precious metals, put pressure on silver futures here.
Meanwhile, silver fell by 0.92% to $23.65 an ounce in New York in yesterday's trade.
At the Multi Commodity Exchange, the July contract moved down by Rs 112, or 0.25%, to Rs 45,006 per kg in business turnover of 665 lots.
The September contract declined by Rs 103, or 0.23%, to Rs 45,654 per kg in 35 lots.
Market analysts said speculators trimmed positions in tandem with a weak global trend as strength in the dollar curbed demand for the precious metals, put pressure on silver futures here.
Meanwhile, silver fell by 0.92% to $23.65 an ounce in New York in yesterday's trade.
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First Published: May 14 2013 | 12:24 PM IST