Business Standard

Silver futures decline 0.53%

Silver in far-month September dropped by 0.51%.

Press Trust of India New Delhi
Tracking a weak trend overseas, silver prices fell by 0.53% to Rs 43,993 per kg in futures trade today as speculators offloaded positions.
    
At the Multi Commodity Exchange, silver for delivery in July lost Rs 235, or 0.53%, to Rs 43,993 per kg, with a turnover of 4,082 lots.
    
Similarly, silver for delivery in far-month September dropped by Rs 228, or 0.51%, to Rs 44,591 per kg, in a business turnover of 135 lots.
    
Analysts said a weak trend in global markets and profit- booking by speculators at prevailing levels, mainly put pressure on silver prices at futures trade here.
      
Meanwhile, in Singapore, silver dropped 0.67% to $22.40 an ounce.

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First Published: Jun 06 2013 | 1:03 PM IST

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