Latest News | Silver Futures Drop on Weak Overseas Trend
Get latest articles and stories on Latest News at LatestLY. Silver futures on Friday dropped by Rs 614 to Rs 48,025 per kg as participants reduced their bets on weak global cues.
New Delhi, Jun 12 (PTI) Silver futures on Friday dropped by Rs 614 to Rs 48,025 per kg as participants reduced their bets on weak global cues.
On the Multi Commodity Exchange, silver contracts for July delivery tumbled by Rs 614, or 1.26 per cent, to Rs 48,025 per kg in a business turnover of 11,485 lots.
Similarly, silver for September delivery fell by Rs 622, or 1.26 per cent, to Rs 48,855 per kg in a business turnover of 1,592 lots.
Analysts said weak trends in overseas markets mainly kept pressure on silver prices in the domestic market.
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In the international market, silver traded 1.25 per cent lower at USD 17.70 per ounce in New York. PTI
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)