Silver futures down 0.56% on lower global trend
Speculators trimmed positions in tandem with a weak global trend as investors' holding shrank in bullion-backed exchange, mainly weighed on the silver prices at futures trade
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A trader displays silver ornaments inside his shop in Ahmedabad
Tracking a weak global trend, silver prices moved down by 0.21% to Rs 45,190 per kg in futures trade today as speculators partially offloaded positions.
At the Multi Commodity Exchange, the May contract moved down by Rs 94, or 0.21% to Rs 45,190 per kg in business turnover of 758 lots.
The July contract declined by Rs 96, or 0.21%, to Rs 45,773 per kg in 633 lots.
Market analysts said speculators trimmed positions in tandem with a weak global trend as investors' holding shrank in bullion-backed exchange, mainly weighed on the silver prices at futures trade.
Meanwhile, silver fell by 1.10% to $24.29 an ounce in Singapore.
At the Multi Commodity Exchange, the May contract moved down by Rs 94, or 0.21% to Rs 45,190 per kg in business turnover of 758 lots.
The July contract declined by Rs 96, or 0.21%, to Rs 45,773 per kg in 633 lots.
Market analysts said speculators trimmed positions in tandem with a weak global trend as investors' holding shrank in bullion-backed exchange, mainly weighed on the silver prices at futures trade.
Meanwhile, silver fell by 1.10% to $24.29 an ounce in Singapore.
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First Published: Apr 30 2013 | 12:40 PM IST