Comments
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.
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.