Silver futures down 0.3% on weak overseas cues
Speculators reduced their exposures amid weak trend in the global markets
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Silver prices declined by Rs 124 to Rs 38,440 per kg in futures trade today as speculators reduced their exposures amid weak trend in the global markets.
At the Multi Commodity Exchange, silver prices for delivery in far-month May contracts traded lower by Rs 124, or 0.32%, to Rs 38,440 per kg in business turnover of 9 lots.
Similarly, the white metal prices for delivery in March declined by Rs 119, or 0.31%, to Rs 37,886 per kg in business volume of 278 lots.
In the international market, silver prices traded 0.29% lower at $17.18 an ounce in New York yesterday.
Market analysts attributed fall in silver prices at futures trade to a weak trend in global markets.
At the Multi Commodity Exchange, silver prices for delivery in far-month May contracts traded lower by Rs 124, or 0.32%, to Rs 38,440 per kg in business turnover of 9 lots.
Similarly, the white metal prices for delivery in March declined by Rs 119, or 0.31%, to Rs 37,886 per kg in business volume of 278 lots.
In the international market, silver prices traded 0.29% lower at $17.18 an ounce in New York yesterday.
Market analysts attributed fall in silver prices at futures trade to a weak trend in global markets.
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First Published: Feb 03 2015 | 11:10 AM IST