Comments
Silver prices moved down by 0.34 per cent to Rs 39,140 per kg at the futures trade due to profit-booking by speculators and weak global markets.
At the Multi Commodity Exchange, silver for delivery in far-month July drifted down by Rs 135 or 0.34 per cent to Rs 39,140 per kg in a business turnover of 5 lots. Similarly, the white metal for delivery in May declined by Rs 122 or 0.31 per cent to Rs 38,637 per kg in 282 lots.
Analysts said offloading of positions by participants to book profits and a weak trend overseas led to the fall in silver prices at the futures trade. Globally, silver fell 0.43 per cent to $16.39 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.