Silver futures fall from recent record

Agencies
Posted: Thursday, Nov 05, 2009 at 1307 hrs IST
Updated: Thursday, Nov 05, 2009 at 1307 hrs IST

Font Size

Feedback

Discuss

Crude oil futures up on pick up in demand Crude palm oil remains up on demand expectations Cardamom marginally up on spot demand Crude palm oil futures remain up on positive globa...

New Delhi: Silver futures prices fell by 0.63 per cent on Thursday as traders indulged in reducing their positions influenced by a weakening global trend.

At the MCX, silver for May contract fell by 0.63 per cent to Rs 27,477 per kg with an open interest in 122 lots. It had gained 1.03 per cent in Wednesday's trading.

Similarly, the metal for delivery in March contract declined by 0.39 per cent to Rs 27,386 per kg with an open interest in 1,457 lots.

Analysts said fresh selling by traders in tandem with a weakening global trend mainly led to fall in silver prices at futures market here.

Meanwhile, silver fell 0.7 per cent to 17.32 dollar an ounce in Asia.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Latest News

Print Edition

Events

Silver futures fall from recent record

Post Comments