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Silver futures slump Rs 150 at Rs 45,350 per kg

Press Trust of India  |  New Delhi 

Silver prices on Wednesday slumped Rs 150 to Rs 45,350 per kg in futures trade as investors reduced their positions in line with weak trend overseas.

Silver contracts for December delivery traded lower by Rs 150, or 0.33 per cent, to Rs 45,350 per kg in a business turnover of 3,782 lots on the Multi Commodity Exchange.

The white metal for delivery in March next year fell Rs 160, or 0.35 per cent, to Rs 46,001 per kg in a business turnover of 108 lots.

In the international market, silver traded lower by 0.22 per cent at USD 17.53 an ounce in New York.

Marketmen said trimming of positions by speculators at prevailing levels mainly exerted pressure on silver futures.

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

First Published: Wed, November 06 2019. 12:50 IST