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Silver futures succumb to profit-booking, fall 0.36 pc

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Press Trust of India New Delhi

Silver prices were down by 0.36 per cent in futures trade Tuesday after investors booked profits.

However, a firm trend in global market, limited the fall.

At the Multi Commodity Exchange, silver to be delivered in March next year fell by Rs 136, or 0.36 per cent, to Rs 38,033 per kg in a business turnover of 212 lots.

Silver for delivery in February also fell by Rs 125, or 0.33 per cent, to Rs 38,067 per kg in 371 lots.

Overseas, silver was trading higher by 0.20 per cent at USD 14.77 an ounce in Singapore.

Traders attributed the fall in silver prices at futures trade to profit-booking by participants but a firm trend overseas as weakness in dollar raised appeal of the precious metals as a safe haven, restricted the fall.

 

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First Published: Dec 18 2018 | 11:15 AM IST

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