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Silver futures fall by Rs 90 on low demand

Press Trust of India  |  New Delhi 

Silver prices Tuesday fell by Rs 90 to Rs 38,229 per kg in futures trade after speculators reduced their exposure amid firm trend overseas.

On the Multi Commodity Exchange, silver for May was trading lower by Rs 90, or 0.23 per cent, down at Rs 38,229 per kg in a business volume of 328 lots.

The white metal for July, too, fell by Rs 109, or 0.28 per cent, to Rs 38,745 per kg in 273 lots.

In the international market, silver was up by 0.70 per cent to USD 15.40 an ounce in Singapore.

Marketmen said the fall in the prices was due to cutting down of positions by speculators but a firm trend overseas limited the downtrend.

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

First Published: Wed, March 27 2019. 13:36 IST