Business Standard

Silver remains down in futures trade, tracking global cues

Participants engaged in trimming positions, largely in tandem with a weakening trend overseas

Press Trust of India New Delhi
Silver futures today fell over 1% to Rs 34,392 per kg as participants engaged in trimming positions, largely in tandem with a weakening trend overseas.

At the Multi Commodity Exchange, the December contracts of silver traded lower by Rs 353, or 1.02%, to Rs 34,392 per kg in a business turnover of 943 lots.

The far-month March 2015 contracts fell by Rs 341, or 0.96%, to Rs 35,080 per kg in business volume of 30 lots.

In Singapore, silver slide as much as 0.70% to $15.50 an ounce.

Analysts said weakening trend overseas as surging dollar hurting the precious metals' demand, mainly put pressure on the silver prices at futures trade here.

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First Published: Nov 11 2014 | 11:31 AM IST

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