White metal loses sheen on weak global cues
05/08/2016 12:29
Silver futures were trading lower during the noon trade in the domestic market on Friday as participants exited positions in the precious metal traking weak cues from overseas markets.
Further, offloading of positions by participants, tracking a weak trend in global markets, mainly led to the fall in silver prices at futures trade.
At the MCX, silver futures for September 2016 contract is trading at Rs 47,620 per kg, down by 0.12 per cent, after opening at Rs 47,605, against a previous close of Rs 47,677. It touched the intra-day low of Rs 47,508 (at 12:26 hours).
05/08/2016 12:29
Further, offloading of positions by participants, tracking a weak trend in global markets, mainly led to the fall in silver prices at futures trade.
At the MCX, silver futures for September 2016 contract is trading at Rs 47,620 per kg, down by 0.12 per cent, after opening at Rs 47,605, against a previous close of Rs 47,677. It touched the intra-day low of Rs 47,508 (at 12:26 hours).
