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Silver futures down on overseas cues

Press Trust of India  |  New Delhi 

Tracking a weak trend overseas, silver prices drifted down by 0.31 per cent to Rs 40,333 per kg in futures trade today as speculators cut down their bets.

At the Multi Commodity Exchange, silver for delivery in July fell by Rs 127, or 0.31 per cent to Rs 40,333 per kg in a business turnover of 641 lots.

Similarly, the for delivery in September contracts 80, or 0.19 per cent to Rs 41,011 per kg in 36 lots.

Analysts attributed the slide in silver to offloading of positions by participants in tandem with a subdued trend overseas.

Globally, silver fell 0.09 per cent to USD 16.66 an ounce in today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 08 2018. 10:55 IST