Business Standard

Silver futures down 0.5% on global cues

Signs of a global slowdown influences prices

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Press Trust of India New Delhi

Silver futures prices today moved down by 0.52% to Rs 62,454 per kg in tune with a weakening trend overseas.

At the Multi Commodity Exchange, silver for delivery in December fell by Rs 326, or 0.52%, to Rs 62,780 per kg, with a business turnover of 3,577 lots.

March silver lost Rs 314, or 0.49%, to Rs 64,160 per kg, with a business turnover of 146 lots.

Marketmen attributed the fall in silver futures to a weakening trend overseas on signs of a global slowdown.

Meanwhile, silver dropped 0.9% to $34.21 an ounce in Singapore.

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First Published: Oct 01 2012 | 12:13 PM IST

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