Silver futures down by 0.2% on overseas cues
Participants trimmed positions amid a weak global trend
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Amid weak global trend, silver prices fell by Rs 76 to Rs 36,772 per kg in futures market today as participants trimmed positions.
At the Multi Commodity Exchange, silver for delivery in July contracts shed Rs 76, or 0.21%, to touch Rs 36,772 per kg in a business turnover of 185 lots.
Also, the white metal for delivery in September lost Rs 62, or 0.17% to Rs 37,309 per kg in five lots.
Analysts said reducing of positions by speculators tracking a weak trend in global markets mainly put pressure on silver prices at futures trade here.
Silver prices slipped as investors await the outcome of a Federal Reserve meeting later in the day and a gathering of European finance ministers set to discuss the debt crisis in Greece.
Globally, silver fell 0.4% to $15.98 an ounce in Singapore.
At the Multi Commodity Exchange, silver for delivery in July contracts shed Rs 76, or 0.21%, to touch Rs 36,772 per kg in a business turnover of 185 lots.
Also, the white metal for delivery in September lost Rs 62, or 0.17% to Rs 37,309 per kg in five lots.
Analysts said reducing of positions by speculators tracking a weak trend in global markets mainly put pressure on silver prices at futures trade here.
Silver prices slipped as investors await the outcome of a Federal Reserve meeting later in the day and a gathering of European finance ministers set to discuss the debt crisis in Greece.
Globally, silver fell 0.4% to $15.98 an ounce in Singapore.
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First Published: Jun 17 2015 | 11:28 AM IST