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Silver futures remain weak, shed 0.16% on global cues

Press Trust of India  |  New Delhi 

Silver prices fell further by 0.16 per cent to Rs 39,226 per kg in futures trade today as speculators cut bets, amid a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in September declined by Rs 64, or 0.16 per cent, to Rs 39,226 per kg in a business turnover of 1,433 lots.

Similarly, the for delivery in December contracts 47, or 0.12 per cent, to Rs 40,100 per kg in 13 lots.

Analysts said cutting down of positions by participants in line with a weak trend overseas kept silver prices down at futures trade.

Meanwhile, silver fell by 1.53 per cent to USD 15.78 an ounce in in Yesterday's trade.

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

First Published: Thu, July 12 2018. 11:25 IST