Silver futures fell over 1 per cent to Rs 34,392 per kg today as participants engaged in trimming positions, largely in tandem with a weak trend overseas.
At the Multi Commodity Exchange, the December contract traded lower by Rs 353 or 1.02 per cent to Rs 34,392 per kg in a business turnover of 943 lots.
Similarly, the far-month March 2015 contracts fell Rs 341 or 0.96 per cent to Rs 35,080 per kg in a business volume of 30 lots.
In Singapore, the white metal fell as much as 0.70 per cent to $15.50 an ounce.
Analysts said weakening trend overseas as surging dollar hurting the precious metals’ demand, mainly put pressure on silver prices at the futures trade here.
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.