Commodities

Silver futures decline to Rs 47,635 per kg

PTI New Delhi | Updated on February 19, 2014 Published on February 19, 2014

Silver prices fell 0.81 per cent to Rs 47,635 per kg at the futures trade today after speculators trimmed positions due to weak cues from the global market.

On the Multi Commodity Exchange, silver for delivery in March fell Rs 389 or 0.81 per cent to Rs 47,635 per kg in a business turnover of 751 lots.

Also, the white metal for delivery in May declined Rs 398 or 0.81 per cent to Rs 48,640 per kg in a business volume of 82 lots.

Market analysts said a subdued trend in the global market, amid expectations that Federal Reserve minutes will show policy makers backing further stimulus cut, triggered offloading of positions by speculators. This led to fall in silver prices at the futures trade here.

In the international market, the white metal fell 0.7 per cent to $21.77 an ounce in Singapore.

Published on February 19, 2014
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