Gold & Silver

Silver futures plunge Rs 674 per kg

| Updated on: Oct 29, 2015

Silver prices plunged by Rs 674 to Rs 37,158 per kg at the futures trade today as speculators reduced their exposure, tracking a weak trend overseas.

At the Multi Commodity Exchange, silver prices for delivery in December traded sharply lower by Rs 674 or 1.8 per cent to Rs 37,158 per kg in a business turnover of 3,298 lots.

Similarly, the white metal prices for delivery in far-month March slumped by Rs 670 or 1.74 per cent to Rs 37,847 per kg in a business volume of 76 lots.

In the international market, silver traded little changed at $15.89 an ounce in Singapore.

Analysts attributed the fall in silver prices at the futures trade to a weak trend in global markets after hints of an interest rate hike in December by the US Federal Reserve boosted the dollar.

Published on January 23, 2018

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