Silver futures down 0.5% on weak global cues
Cooling down of geopolitical concerns in Ukraine reduces demand for silver
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Silver prices fell 0.50% to Rs 44,948 per kg in futures trade today as participants trimmed their positions, tracking a weakening trend in precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in September contracts shed Rs 226, or 0.50%, to Rs 44,948 per kg in business turnover of 302 lots.
December silver declined by Rs 195, or 0.42%, to Rs 45,801 per kg in business volume of six lots.
Analysts attributed the fall in silver prices at futures trade to offloading of positions by speculators as cooling down of geopolitical tensions in Ukraine reduced demand for the metal as an alternative investment.
In the international market, silver fell by 0.60% to $20.80 an ounce in Singapore.
At the Multi Commodity Exchange, silver for delivery in September contracts shed Rs 226, or 0.50%, to Rs 44,948 per kg in business turnover of 302 lots.
December silver declined by Rs 195, or 0.42%, to Rs 45,801 per kg in business volume of six lots.
Analysts attributed the fall in silver prices at futures trade to offloading of positions by speculators as cooling down of geopolitical tensions in Ukraine reduced demand for the metal as an alternative investment.
In the international market, silver fell by 0.60% to $20.80 an ounce in Singapore.
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First Published: Jul 22 2014 | 10:58 AM IST