Silver down on weak global cues
28/04/2017
Silver futures closed lower in the domestic market on Thursday 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 39,695 per kg, down by 0.41 per cent, after opening at Rs 40,047, against a previous close of Rs 39,858. It touched the intra-day low of Rs 39,625.
28/04/2017
Silver futures closed lower in the domestic market on Thursday 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 39,695 per kg, down by 0.41 per cent, after opening at Rs 40,047, against a previous close of Rs 39,858. It touched the intra-day low of Rs 39,625.
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