 "Silver falls by 0.4% on weak global trend")
Silver futures today dropped 0.41% to Rs 34,537 per kg as participants lightened their positions, tracking a weak global trend.
At the Multi Commodity Exchange, silver for delivery in far-month December was trading lower by Rs 143, or 0.41%, to Rs 34,537 per kg in a business turnover of 19 lots.
On similar lines, the white metal for delivery in September also shed Rs 124, or 0.37% to Rs 33,780 per kg with turnover of 401 lots.
Meanwhile, silver declined as much as 1.1% to $14.50 an ounce in Singapore today, the lowest level since December last year.
At the Multi Commodity Exchange, silver for delivery in far-month December was trading lower by Rs 143, or 0.41%, to Rs 34,537 per kg in a business turnover of 19 lots.
On similar lines, the white metal for delivery in September also shed Rs 124, or 0.37% to Rs 33,780 per kg with turnover of 401 lots.
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A weak global trend overseas where silver dropped to seven-month low as US economic data which showed improvement, backed the case for higher interest rates this year, dragged down white metal prices at futures trade here, analysts said.
Meanwhile, silver declined as much as 1.1% to $14.50 an ounce in Singapore today, the lowest level since December last year.