Comments
Silver futures fell 0.35 per cent to Rs 34,660 per kg today as participants lightened their positions, tracking a weak global trend.
On the Multi Commodity Exchange, silver for delivery in December was trading lower by Rs 123 or 0.35 per cent to Rs 34,660 per kg in a business turnover of 29 lots.
On similar lines, the white metal for delivery in September also shed Rs 100 or 0.29 per cent to Rs 33,925 per kg with a turnover of 1,615 lots.
A sluggish global trend overseas, where precious metals eased after the US Fed reinforced expectations that it will raise interest rates as early as September, weighed on silver futures here, analysts said.
Meanwhile, silver dropped 0.1 per cent to $14.76 per ounce in Singapore today. New Delhi, Aug 3 (PTI) Silver futures today fell 0.35 per cent to Rs 34,660 per kg as participants lightened their positions, tracking a weak global trend.
At Multi Commodity Exchange, silver for delivery in December was trading lower by Rs 123, or 0.35 per cent, to Rs 34,660 per kg in a business turnover of 29 lots.
On similar lines, the white metal for delivery in September also shed Rs 100, or 0.29 per cent, to Rs 33,925 per kg with a turnover of 1,615 lots.
A sluggish global trend overseas where precious metals eased after the US Fed reinforced expectations that it will raise interest rates as early as September, weighed on silver futures here, analysts said.
Meanwhile, silver dropped 0.1 per cent to USD 14.76 per ounce in Singapore today. PTI SUN KPS ARD 08031208
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.