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Silver futures down 0.2% on low global trend

Speculators trimmed their positions in tandem with a weak global trend

Press Trust of India New Delhi
Last Updated : Oct 17 2014 | 11:45 AM IST
Tracking a weak global trend and profit-booking, silver prices moved down by 0.24% to Rs 38,779 per kg in futures trade today.

At the Multi Commodity Exchange, silver for delivery in December moved down by Rs 93, or 0.24% to Rs 38,779 per kg in business turnover of 597 lots.

Similarly, the white metal for delivery in March 2015 declined by Rs 62, or 0.16% to Rs 39,494 per kg in seven lots.

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Market analysts said speculators trimming positions in tandem with a weak global trend, mainly weighed on the silver prices at futures trade.

Meanwhile, in Singapore, silver eased to $17.38 from $17.39 an ounce yesterday.

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First Published: Oct 17 2014 | 11:34 AM IST

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