White metal dips on weak global cues 16/01/2018

White metal dips on weak global cues
16/01/2018


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White metal dips on weak global cues
16/01/2018 15:00
Silver futures were trading lower during the afternoon trade in the domestic market on Tuesday as participants engaged in trimming their positions taking weak cues from global market.

Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.

At the MCX, silver futures for March 2018 contract was trading at Rs 39159 per kg, down by 1.04 per cent, after opening at Rs 39,626, against a previous close of Rs 39,570. It touched the intra-day low of Rs 38,573(at 15:07 hours).