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Silver weakens in futures trade, down Rs 70

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Press Trust of India New Delhi
Silver prices fell by Rs 70 to Rs 45,535 per kg in futures trade today as speculators cut down their bets to book profits.

Silver for delivery in December was down by Rs 70 or 0.15 per cent to Rs 45,535 per kg in futures trade at the Multi Commodity Exchange. It clocked a business volume of 416 lots.

The white metal for delivery in far-month March 2017 fell by Rs 53 to trade at Rs 46,510 per kg in a business turnover of six lots.

Market analysts said profit-booking at prevailing levels and fresh losses in the white metal overseas mainly pulled down silver prices at futures trade here.
 

In the international market, silver traded 0.13 per cent lower at USD 18.91 an ounce in Singapore.

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First Published: Sep 15 2016 | 11:48 AM IST

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