Comments
Amid weak trend overseas and subdued domestic demand, silver futures prices remained under pressure and fell by 0.89 per cent to Rs 58,775 per kg today.
At the Multi Commodity Exchange, silver for delivery in September traded Rs 428 or 0.89 per cent lower at Rs 58,775 per kg with a turnover of 2,995 lots.
Similarly, silver for delivery in December dropped by Rs 503 or 0.83 per cent to Rs 60,100 per kg, with a business turnover of 133 lots.
Analysts said besides slackened domestic demand at prevailing levels, weak trend overseas, where gold declined from its record level after CME group raised margins on futures contracts, also put some pressure on the white metal’s prices at futures trade today.
Meanwhile, silver fell by 1.1 per cent to $38.83 an ounce in Hong Kong in early trade today.
Comments
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.