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Weak global cues drag down silver futures by 0.33%

At Multi Commodity Exchange, silver for delivery in December fell by Rs 131, or 0.33 per cent, to Rs 39,016 per kg in business turnover of 2 lot.


PTI Last Updated at 30 Jul 2018, 12:07 IST India
Weak global cues drag down silver futures by 0.33%
  • Taking weak cues from the global market, silver prices moved down by 0.33 per cent to Rs 39,016 per kg in futures market today as participants reduced their exposure. (Image Credit: Wikipedia)

Taking weak cues from the global market, silver prices moved down by 0.33 per cent to Rs 39,016 per kg in futures market today as participants reduced their exposure.

At Multi Commodity Exchange, silver for delivery in December fell by Rs 131, or 0.33 per cent, to Rs 39,016 per kg in business turnover of 2 lot.

Likewise, the white metal for delivery in September contracts was trading lower by Rs 118, or 0.31 per cent, to Rs 38,208 per kg in 226 lots.

Analysts attributed the slide in silver futures to a weak trend in the precious metals overseas.

Globally, silver fell 0.52 per cent to USD 15.39 an ounce in Singapore.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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