Comments
Continuing a downward journey slide, silver prices fell 0.68 per cent to Rs 42,969 per kg at the futures trade today as speculators engaged in off-loading positions, tracking a weak global trend.
Besides, a weak trend at the spot market due to subdued demand has put pressure on silver prices.
At the Multi Commodity Exchange, silver for delivery in July lost Rs 273 or 0.68 per cent to Rs 42,969 per kg with a turnover of 1,790 lots. Similarly, September contracts dropped by Rs 288 or 0.66 per cent to Rs 43,500 per kg in a business turnover of 72 lots.
Analysts said a weak trend in global markets, as investors reduced their holding and strengthening of dollar reduced the demand for safe haven investments, influenced silver futures here.
Meanwhile, in Singapore, silver dropped 0.5 per cent to $22.58 an ounce.
Comments
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.