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Silver price down 0.77% in futures trade

Last Updated: Tuesday, May 7, 2013 - 11:33

New Delhi: Silver prices fell by 0.77 percent to Rs 45,575 per kg in futures trade Tuesday as speculators trimmed their positions, tracking a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in far-monthly September contracts traded Rs 355, or 0.77 percent, lower at Rs 45,575 per kg in business turnover of 24 lots.

Similarly, the white metal for delivery in July declined by Rs 343, or 0.76 percent, to Rs 44,825 per kg in business volume of 1,081 lots.

In the international market, silver traded 1.1 percent lower at USD 23.75 an ounce in Singapore today.

Market analysts said a subdued trend in precious metals in the global markets on speculation that physical purchases may be slowing after recent rise, led to fall in silver prices at futures trade here.


First Published: Tuesday, May 7, 2013 - 11:29
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