Silver dips on weak global cues

Silver dips on weak global cues
26/04/2017

Silver futures closed lower 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 May 2017 contract closed at Rs 40,420 per kg, down by 1.72 per cent, after opening at Rs 41,045, against a previous close of Rs 41,129. It touched the intra-day low of Rs 40,338.
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