Silver futures slide 0.6% on weak global trend
Silver prices for delivery in far-month December lost 0.65%
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Tracking a weak global trend, silver futures prices today fell by 0.67% to Rs 40,775 per kg as speculators reduced exposures.
At the Multi Commodity Exchange, silver prices for delivery in September fell by Rs 275, or 0.67%, to Rs 40,775 per kg in business turnover of 2,337 lots.
Similarly, silver prices for delivery in far-month December lost Rs 273, or 0.65%, at Rs 41,600 per kg in 81 lots.
Analysts said a weak trend in the precious metals overseas on speculation that US Federal Reserve may scale back stimulus, with data due this week on growth and employment as central bank policy makers meet to assess the recovery, mainly pulled down silver prices at futures trade.
Meanwhile, silver shed 0.50% to $19.90 an ounce in Singapore today.
At the Multi Commodity Exchange, silver prices for delivery in September fell by Rs 275, or 0.67%, to Rs 40,775 per kg in business turnover of 2,337 lots.
Similarly, silver prices for delivery in far-month December lost Rs 273, or 0.65%, at Rs 41,600 per kg in 81 lots.
Analysts said a weak trend in the precious metals overseas on speculation that US Federal Reserve may scale back stimulus, with data due this week on growth and employment as central bank policy makers meet to assess the recovery, mainly pulled down silver prices at futures trade.
Meanwhile, silver shed 0.50% to $19.90 an ounce in Singapore today.
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First Published: Jul 29 2013 | 2:18 PM IST