Silver prices fell 0.22 percent to Rs 38,644 per kg in futures trade Monday as speculators cut positions amid a weak trend overseas.
At the Multi Commodity Exchange, silver for delivery in May moved down by Rs 84, or 0.22 percent, to Rs 38,644 per kg in business turnover of 842 lots. Similarly, the April contract of white metal fell by Rs 80, or 0.21 percent to Rs 38,679 per kg in 1,265 lots.
Analysts said cutting down of positions by speculators in line with a weak trend overseas led to the fall in futures.
Globally, silver was quoting lower by 0.20 percent to USD 15.38 an ounce in New York.
We provide you sure shot Commodity & Equity Market Tips, Intraday tips, share market tips, Mcx bullion tips, Mcx tips, Crude tips, Stock tips, Future and Cash tips with Technical & Fundamental Research.
Visit: www.ripplesadvisory.com
Contact us @ +91-9644405056
Source: Moneycontrol
No comments:
Post a Comment