Silver futures tumble 0.3% ahead of US data
Traders trimmed their positions tracking a weak trend overseas
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Tracking a weak trend overseas, silver prices fell 0.29% to Rs 38,428 per kg in futures trade today as traders trimmed their positions.
In futures trading at Multi Commodity Exchange, silver for delivery in September lost Rs 110, or 0.29%, to Rs 38,428 per kg with a turnover of one lot.
Similarly, white metal for delivery in July was down Rs 72, or 0.19%, at Rs 37,920 per kg in business turnover of 335 lots.
Marketmen said the fall in silver futures was mostly due to a weakening trend in global markets ahead of US jobs data on Friday that may provide clues on the timing of a rate increase.
Meanwhile, silver fell 0.4% to $16.45 an ounce in Singapore today.
In futures trading at Multi Commodity Exchange, silver for delivery in September lost Rs 110, or 0.29%, to Rs 38,428 per kg with a turnover of one lot.
Similarly, white metal for delivery in July was down Rs 72, or 0.19%, at Rs 37,920 per kg in business turnover of 335 lots.
Marketmen said the fall in silver futures was mostly due to a weakening trend in global markets ahead of US jobs data on Friday that may provide clues on the timing of a rate increase.
Meanwhile, silver fell 0.4% to $16.45 an ounce in Singapore today.
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First Published: May 07 2015 | 12:07 PM IST