Silver down by 0.8% on weak global cues
Profit-booking by participants affected the prices
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Silver prices were down by Rs 308 to Rs 37,950 per kg in futures trade today, tracking a weak trend overseas amid profit-booking by speculators.
In futures trading, silver for delivery in far-month July contracts lost Rs 308 or 0.81% to trade at Rs 37,950 per kg in a business turnover of 301 lots.
Similarly, the white metal for delivery in May declined by Rs 274 or 0.73% to Rs 37,440 per kg in a business volume of 366 lots.
In Singapore, silver traded 0.45% lower at $16.47 an ounce.
Market analysts said apart from profit-booking by participants, a weak trend in precious metals in the Asian region led to the fall in silver prices at futures trade here.
In futures trading, silver for delivery in far-month July contracts lost Rs 308 or 0.81% to trade at Rs 37,950 per kg in a business turnover of 301 lots.
Similarly, the white metal for delivery in May declined by Rs 274 or 0.73% to Rs 37,440 per kg in a business volume of 366 lots.
In Singapore, silver traded 0.45% lower at $16.47 an ounce.
Market analysts said apart from profit-booking by participants, a weak trend in precious metals in the Asian region led to the fall in silver prices at futures trade here.
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First Published: Apr 30 2015 | 10:42 AM IST