Silver remains down in futures trade, tracking global cues
Participants engaged in trimming positions, largely in tandem with a weakening trend overseas
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Silver futures today fell over 1% to Rs 34,392 per kg as participants engaged in trimming positions, largely in tandem with a weakening trend overseas.
At the Multi Commodity Exchange, the December contracts of silver traded lower by Rs 353, or 1.02%, to Rs 34,392 per kg in a business turnover of 943 lots.
The far-month March 2015 contracts fell by Rs 341, or 0.96%, to Rs 35,080 per kg in business volume of 30 lots.
In Singapore, silver slide as much as 0.70% to $15.50 an ounce.
Analysts said weakening trend overseas as surging dollar hurting the precious metals' demand, mainly put pressure on the silver prices at futures trade here.
At the Multi Commodity Exchange, the December contracts of silver traded lower by Rs 353, or 1.02%, to Rs 34,392 per kg in a business turnover of 943 lots.
The far-month March 2015 contracts fell by Rs 341, or 0.96%, to Rs 35,080 per kg in business volume of 30 lots.
In Singapore, silver slide as much as 0.70% to $15.50 an ounce.
Analysts said weakening trend overseas as surging dollar hurting the precious metals' demand, mainly put pressure on the silver prices at futures trade here.
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First Published: Nov 11 2014 | 11:31 AM IST