Comments
Silver prices slumped Rs 214 to Rs 39,901 per kg at the futures trade today as participants reduced their exposure tracking weak cues from overseas markets.
At the Multi Commodity Exchange, silver for delivery in March lost Rs 214 or 0.53 per cent to Rs 39,901 per kg in a business turnover of 16 lots. Similarly, the white metal for delivery in December was trading lower by Rs 162 or 0.41 per cent to Rs 39,295 per kg in a business volume of 313 lots.
In the international market, silver shed 0.15 per cent to $16.54 an ounce in Singapore today.
Traders said that the fall in silver prices at futures trade was largely in line with a weak trend in precious metals in global markets as the dollar's strength eroded safe haven demand.
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.