Commodities

Silver futures decline to Rs 41,739 per kg

PTI New Delhi | Updated on November 24, 2017 Published on April 30, 2014

Tracking a weak trend overseas, silver prices fell 0.53 per cent to Rs 41,739 per kg at the futures trade today as speculators engaged in offloading positions.

On the Multi Commodity Exchange, silver for delivery in May lost Rs 233 or 0.53 per cent to Rs 41,739 per kg in a turnover of 2,417 lots.

Similarly, silver for delivery in July dropped by Rs 187 or 0.44 per cent to Rs 42,506 per kg in a business turnover of 1,467 lots.

Analysts said a weak trend in global markets on speculation that the Federal Reserve will further reduce the US monetary stimulus at a two-day policy meeting that concludes today, weighed on silver futures here.

Meanwhile, the yellow metal dropped 0.77 per cent to $19.29 an ounce in Singapore.

Published on April 30, 2014
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