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Silver weakens in futures trade, down Rs 137

Press Trust of India  |  New Delhi 

Silver prices fell by Rs 137 to Rs 40,488 per kg in futures trade today as speculators cut down their bets to book profits amid a weak trend overseas.

Silver for delivery in far-month March next year was down by Rs 137, or 0.34 per cent, to Rs 40,488 per kg in futures trade at the Multi Commodity Exchange. It clocked a business volume of six lots.

Silver for delivery in December too was trading lower by Rs 132, or 0.33 per cent, to Rs 39,780 per kg in a business turnover of 290 lots.

Market analysts said profit-booking at prevailing levels and fresh losses in the white metal overseas mainly pulled down silver prices in futures trade here.

In the international market, silver traded 0.29 per cent lower at USD 16.98 an ounce in today.

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

First Published: Tue, November 14 2017. 10:57 IST