Comments
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.
Comments
COMMENT NOW
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.