Silver futures fall 0.30% as speculators trim position
At the Multi Commodity Exchange, silver for delivery in March next year fell by Rs 172, or 0.30 per cent, to Rs 57,993 per kg, with a business turnover of 2,151 lots. Similarly, the metal for delivery in May lost Rs 175, or 0.29 per cent, to Rs 59,281 per kg, with a business turnover of 592 lots.
Marketmen attributed the fall in silver futures to off-loading of positions by speculators but a firming trend overseas limited the fall.
Meanwhile, silver rose 0.50 per cent USD 30.14 an ounce in Singapore.
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