Comments
Silver prices were down by 0.38 per cent to Rs 42,758 per kg at the futures trade today as participants trimmed positions, tracking a weak trend overseas.
At the Multi Commodity Exchange, silver for delivery in far-month March next year declined by Rs 164 or 0.38 per cent to Rs 42,758 per kg in a business turnover of 60 lots.
Likewise, the metal for delivery in December contracts traded lower by Rs 156 or 0.37 per cent to Rs 41,840 per kg in 867 lots.
Analysts said offloading of positions by traders, tracking a weak trend overseas, mainly kept pressure on silver prices at the futures trade.
Meanwhile, silver fell 0.37 per cent to $17.43 an ounce in Singapore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.