Silver falls by 0.8% on weak global cues
Speculators reduced their exposure, affecting prices
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Silver prices fell by Rs 297 to Rs 37,135 per kg in futures trade today in tune with a weak trend overseas as speculators reduced their exposure.
At the Multi Commodity Exchange, silver for delivery in far-month July traded lower by Rs 297, or 0.79%, to Rs 37,135 per kg in a business turnover of 20 lots.
Similarly, the white metal for delivery in May declined by Rs 289, or 0.78%, to Rs 36,669 per kg in a business volume of 382 lots.
In the international market, silver traded 0.7% lower at $16.41 an ounce in Singapore today.
Analysts said the fall in silver prices at futures trade was due to a weak trend in precious metals in global markets.
At the Multi Commodity Exchange, silver for delivery in far-month July traded lower by Rs 297, or 0.79%, to Rs 37,135 per kg in a business turnover of 20 lots.
Similarly, the white metal for delivery in May declined by Rs 289, or 0.78%, to Rs 36,669 per kg in a business volume of 382 lots.
In the international market, silver traded 0.7% lower at $16.41 an ounce in Singapore today.
Analysts said the fall in silver prices at futures trade was due to a weak trend in precious metals in global markets.
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First Published: Apr 09 2015 | 1:07 PM IST