Silver futures prices today moved down by 0.30 per cent to Rs 57,993 per kg largely after participants trimmed their positions even as metal rose overseas.
At the Multi Commodity Exchange, Silver for delivery in March next year fell by Rs 172, or 0.30 per cent, to Rs 57,993 per kg, with a business turnover of 2,151 lots.
Similarly, the metal for delivery in May lost Rs 175, or 0.29 per cent, to Rs 59,281 per kg, with a business turnover of 592 lots.
Market men attributed the fall in silver futures to off-loading of positions by speculators but a firming trend overseas limited the fall.
Meanwhile, silver rose 0.50 per cent $ 30.14 an ounce in Singapore.
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.