Silver down 0.3% on global cues
Market analysts said a weak trend in precious metals in the global markets weighed on silver futures
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Amid a weakening trend overseas, silver prices fell 0.32% to Rs 40,080 per kg in futures trade today as speculators trimmed positions.
At the Multi Commodity Exchange, silver for delivery in far-month May traded lower by Rs 129, or 0.32%, to Rs 40,080 per kg in business turnover of 35 lots.
Similarly, the white metal for delivery in March declined by Rs 120, or 0.30%, to Rs 39,410 per kg in business volume of 828 lots.
In the international market, silver traded 0.30% lower at USD 18.01 an ounce in Singapore.
Market analysts said a weak trend in precious metals in the global markets weighed on silver futures here.
At the Multi Commodity Exchange, silver for delivery in far-month May traded lower by Rs 129, or 0.32%, to Rs 40,080 per kg in business turnover of 35 lots.
Similarly, the white metal for delivery in March declined by Rs 120, or 0.30%, to Rs 39,410 per kg in business volume of 828 lots.
In the international market, silver traded 0.30% lower at USD 18.01 an ounce in Singapore.
Market analysts said a weak trend in precious metals in the global markets weighed on silver futures here.
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First Published: Jan 28 2015 | 12:30 PM IST