Silver futures down 0.36 pc on weak global cues

NEW DELHI, Nov 18:  Silver prices fell by 0.36 per cent to Rs 46,571 per kg in futures trade today as speculators trimmed positions largely in tune with a weakening trend overseas as a rally in global stocks curbed demand for the precious metals.
At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 170, or 0.36 per cent, to Rs 46,571 per kg in a business turnover of 208 lots.
Similarly, the white metal for delivery in March declined by Rs 164, or 0.34 per cent, to Rs 47,892 per kg in business volume of 7 lots.
In the international market, silver traded 0.4 per cent lower at USD 20.71 an ounce in Singapore.
Market analysts said a subdued trend in precious metals in the global markets as a rally in global stocks reduced demand for the metal as an alternative investment, mainly put pressure on the white metal prices at futures trade here. (PTI)

LEAVE A REPLY

Please enter your comment!
Please enter your name here