Silver futures fell over 1 per cent to Rs 34,392 per kg today as participants engaged in trimming positions, largely in tandem with a weak trend overseas.
At the Multi Commodity Exchange, the December contract traded lower by Rs 353 or 1.02 per cent to Rs 34,392 per kg in a business turnover of 943 lots.
Similarly, the far-month March 2015 contracts fell Rs 341 or 0.96 per cent to Rs 35,080 per kg in a business volume of 30 lots.
In Singapore, the white metal fell as much as 0.70 per cent to $15.50 an ounce.
Analysts said weakening trend overseas as surging dollar hurting the precious metals’ demand, mainly put pressure on silver prices at the futures trade here.
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Published on November 11, 2014
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