Silver futures decline by 0.2%
Speculators trimmed positions even as the white metal edged higher overseas
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Silver prices fell by 0.24% in futures trade today as speculators trimmed positions even as the white metal edged higher overseas.
At the Multi Commodity Exchange, silver for delivery in July contracts lost Rs 88 or 0.24% to Rs 36,592 per kg, with a turnover of 359 lots.
Also, silver for delivery in far-month September fell by Rs 62, or 0.17% down at Rs 37,165 per kg in a turnover of 11 lots.
Marketmen said off-loading of positions by participants at prevailing levels mainly led to a fall in silver prices at futures trade here but a better trend overseas, capped the losses.
Globally, silver was trading higher at $16.14 an ounce from $16.10 on Friday.
At the Multi Commodity Exchange, silver for delivery in July contracts lost Rs 88 or 0.24% to Rs 36,592 per kg, with a turnover of 359 lots.
Also, silver for delivery in far-month September fell by Rs 62, or 0.17% down at Rs 37,165 per kg in a turnover of 11 lots.
Marketmen said off-loading of positions by participants at prevailing levels mainly led to a fall in silver prices at futures trade here but a better trend overseas, capped the losses.
Globally, silver was trading higher at $16.14 an ounce from $16.10 on Friday.
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First Published: Jun 22 2015 | 10:57 AM IST