Commodities

Silver futures drop to Rs 37,365 per kg

PTI New Delhi | Updated on January 24, 2018

Silver prices declined by Rs 397 to Rs 37,365 per kg at the futures trade today after speculators reduced their exposures amid weak cues from global market.

On the Multi Commodity Exchange, silver for delivery in March fell Rs 397 or 1.05 per cent to Rs 37,365 per kg in a business turnover of 2,018 lots.

In a similar fashion, the white metal for delivery in May traded lower by Rs 358 or 0.93 per cent to Rs 38,025 per kg in 11 lots.

Analysts said reducing of positions by participants amid a weak global trend mainly led to the fall in silver prices at the futures trade here.

Globally, silver lost 0.4 per cent to $16.47 an ounce in Singapore.

Published on January 08, 2015

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