Silver futures down 0.3% on global cues
Speculators trimmed positions amid a weak trend in global markets
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Silver prices fell 0.29% to Rs 37,993 per kg in futures trade today as speculators trimmed positions amid a weak trend in global markets.
At the Multi Commodity Exchange, silver for delivery in March traded lower by Rs 112, or 0.29%, to Rs 37,993 per kg in a business turnover of 188 lots.
Similarly, the white metal for delivery in May declined by Rs 107, or 0.28%, to Rs 38,599 per kg in a business volume of six lots.
In the international market, silver traded 0.2% lower at $17.20 an ounce in Singapore.
Market analysts said reports of a weak trend in the metal in overseas markets led to the fall in silver prices at futures trade here.
At the Multi Commodity Exchange, silver for delivery in March traded lower by Rs 112, or 0.29%, to Rs 37,993 per kg in a business turnover of 188 lots.
Similarly, the white metal for delivery in May declined by Rs 107, or 0.28%, to Rs 38,599 per kg in a business volume of six lots.
In the international market, silver traded 0.2% lower at $17.20 an ounce in Singapore.
Market analysts said reports of a weak trend in the metal in overseas markets led to the fall in silver prices at futures trade here.
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First Published: Feb 02 2015 | 11:45 AM IST