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Silver futures ease on muted demand

Press Trust of India  |  New Delhi 

Silver prices fell by Rs 167 at Rs 45,637 per kg in futures trade on Tuesday as investors trimmed their positions in tandem with weak global trend.

Silver for December delivery traded lower by Rs 167, or 0.36 per cent, at Rs 45,637 per kg in a business turnover of 4,896 lots on the Multi Commodity Exchange (MCX).

Similarly, the white metal for March delivery fell by Rs 144, or 0.31 per cent, to Rs 46,622 per kg in a business turnover of 54 lots.

In the international market, silver traded 0.37 per cent lower at USD 17.65 an ounce in New York.

Analysts said low demand amid weak tr4end overseas mainly exerted pressure on Silver futures here. PTI

weak trend in precious metals in global markets mainly exerted pressure on futures trade here.

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

First Published: Tue, October 15 2019. 13:00 IST
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