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Silver futures fall by Rs 52 on profit-booking

Press Trust of India  |  New Delhi 

Silver prices fell by Rs 52 to Rs 38,654 per kg in futures trade Monday amid profit-booking by speculators at current levels.

A firm trend overseas, however, restricted the losses.

At the Multi Commodity Exchange, silver for delivery in March traded lower by Rs 52, or 0.13 per cent, to Rs 38,654 per kg. It clocked a business volume of 17,688 lots.

The white metal to be delivered in far-month May was down by Rs 103, or 0.26 per cent, to Rs 39,157 per kg in 493 lots.

Marketmen said profit-booking at prevailing levels led to the fall in silver prices at futures trade here.

Silver rose 0.56 per cent to USD 15.41 an ounce in Singapore.

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

First Published: Mon, December 31 2018. 14:25 IST