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

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

COMMENTS
This article is closed for comments.
Please Email the Editor

You May Also Like

Recommended for you