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Silver futures fall to Rs 37,291 per kg

Press Trust of India  |  New Delhi 

Silver prices were trading down by Rs 227 to Rs 37,291 per kg in futures trade Tuesday after speculators reduced their exposure to book profits.

Silver for delivery in May contracts fell by Rs 227, or 0.61 per cent, to trade at Rs 37,291 per kg in a business turnover of 8,657 lots on the Multi Commodity Exchange.

On similar lines, the white metal for delivery in July contracts shed Rs 247, or 0.65 per cent, to Rs 37,865 per kg with a business turnover of 13,745 lots.

In the international market, however, silver rose 0.81 per cent to USD 14.96 an ounce in Singapore.

Marketmen said trimming of positions by speculators to book profits at prevailing levels, mainly led to the fall in silver prices here.

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

First Published: Tue, April 30 2019. 14:00 IST