Silver futures down on profit-booking

Sep 07 2012, 11:31 IST
Comments 0
SummarySilver futures prices fell by over one per cent to Rs 61,551 per kg as speculators booked profits.

Silver futures prices fell by over one per cent to Rs 61,551 per kg today as speculators booked profits, driven by weak global cues.

At the Multi Commodity Exchange, silver for delivery in December was trading Rs 691, or 1.11 per cent, lower at Rs 61,648 per kg, with a turnover of 3,636 lots.

Similarly, silver for delivery in March dropped by Rs 698, or 1.09 per cent, to Rs 63,375 per kg, with a business turnover of 263 lots.

Marketmen said besides profit-booking by speculators, a weak trend overseas as prices consolidated after recent gains put pressure on the silver futures here.

Meanwhile, silver dropped by 0.60 per cent to USD 32.45 an ounce in Singapore today, after climbing yesterday to USD 32,99, the highest price since April.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...