Silver prices were down by Rs 149 at Rs 40,778 per kg at the futures trade today as speculators reduced their exposure amid a weak trend in global markets.
At the Multi Commodity Exchange, silver prices for delivery in far-month July traded lower by Rs 149 or 0.36 per cent at Rs 40,778 per kg in a business turnover of 175 lots.
Similarly, the metal for delivery in May declined Rs 147 or 0.36 per cent to Rs 40,269 per kg in a business volume of 776 lots.
In the international market, silver prices fell 2.01 per cent to $17.57 an ounce in New York yesterday.
Analysts attributed the fall in silver prices at the futures trade to a weak trajectory in global markets.
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.