Gold & Silver

Silver futures drop to Rs 42,331 per kg

PTI New Delhi | Updated on January 15, 2018

Silver prices dropped by Rs 113 to Rs 42,331 per kg at the futures trade today as participants cut down their bets amid a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in far-month July was trading lower by Rs 113 or 0.27 per cent at Rs 42,331 per kg in a business turnover of 115 lots.

Similarly, the white metal for delivery in May declined by Rs 89 or 0.31 per cent to Rs 41,809 per kg in a business volume of 557 lots.

Globally, silver fell 0.68 per cent to $18.13 an ounce in New York yesterday.

Traders attributed the fall in silver prices at the futures trade to a weak trend in precious metals in global markets and profit-booking by speculators.

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Published on April 20, 2017
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