Business Standard

Silver down 0.3% on profit-booking

Metal for delivery in March declined by 0.16%

Press Trust of India New Delhi
Silver futures fell by 0.32% to Rs 47,881 per kg in futures trade today as speculators booked profits even as metal rose in global markets.

At the Multi Commodity Exchange, silver prices for delivery in May traded lower by Rs 154, or 0.32%, to Rs 47,881 per kg in a business turnover of 500 lots.

Similarly, the white metal for delivery in March declined by Rs 77, or 0.16%, to Rs 47,109 per kg in a business volume of 21 lots.

In the international market, silver prices traded 0.15% lower at $19.69 an ounce in Singapore.

Market analysts said profit-booking by participants led to a fall in silver prices at futures trade but metal's gain overseas limited the fall.
 
Globally, silver traded a shade higher at $21.43 an ounce in Singapore from $21.42 yesterday.

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First Published: Mar 04 2014 | 12:24 PM IST

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