NEW DELHI, Sept 18: Tracking a weak trend overseas, silver prices fell by 0.49 per cent to Rs 41,173 per kg in futures trade today as speculators engaged in offloading positions.
At the Multi Commodity Exchange, silver for delivery in far-month December lost Rs 201, or 0.49 per cent, to Rs 41,173 per kg with a turnover of 318 lots.
Marketmen said the fall in silver futures was mostly due to a weakening trend in global markets after the Federal Reserve raised its interest-rate projections, spurring gains in the dollar and reduced demand for the precious metals.
Meanwhile, in New York, silver fell 0.88 per cent to USD 18.52 an ounce in yesterday’s trade. (PTI)
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