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Silver futures fall on weak trend overseas

Press Trust of India  |  New Delhi 

Silver prices fell 0.11 per cent to Rs 37,821 per kg in futures trade Tuesday as speculators cut positions amid a weak trend overseas.

At the Multi Commodity Exchange, silver for April delivery moved down by Rs 42, or 0.11 per cent, to Rs 37,821 per kg in a business turnover of 2,699 lots.

Similarly, the May-delivery contract for fell by Rs 32, or 0.09 per cent, to Rs 37,241 per kg in 22,392 lots.

Analysts said cutting down of positions by speculators, in line with a weak trend overseas, led to the fall in silver prices.

Globally, silver was trading 0.10 per cent lower at USD 15.05 an ounce in

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

First Published: Tue, April 16 2019. 14:05 IST