Business Standard

Silver futures down 0.3% on global cues

Prices fell as speculators trimmed their positions

Press Trust of India New Delhi
Silver futures for May lowered by Rs 136, or 0.26%, to Rs 51,434 per kg in 495 lots.     

At the Multi Commodity Exchange (MCX), the July contract declined by Rs 132, or 0.25%, to Rs 52,465 per kg in 28 lots.

Prices fell as speculators trimmed their positions.

Besides, weak domestic spot markets trends also put pressure on the price.

In Singapore, silver trade little changed at $27.29 an ounce.

Weak trend in precious metals in the global markets as investors cut asset holdings and dollar strengthened that curbed safe-haven demand led to fall in silver futures trade here.

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First Published: Apr 08 2013 | 1:56 PM IST

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