Moneycontrol
Last Updated : Mar 20, 2019 12:21 PM IST | Source: PTI

Silver futures down on weak overseas trend

At the Multi Commodity Exchange, silver for delivery in May fell by Rs 109, or 0.28 percent, to Rs 38,146 per kg in a business turnover of 1,076 lots.

Silver prices traded lower 0.28 percent to Rs 38,146 per kg in futures trade Wednesday as participants cut positions amid a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in May fell by Rs 109, or 0.28 percent, to Rs 38,146 per kg in a business turnover of 1,076 lots.

Traders attributed the weakness in silver prices to offloading of positions by speculators in-line with a weak trend in precious metals, at the global market, on a stronger dollar.

Globally, silver fell 0.29 percent to USD 15.40 an ounce in New York.
First Published on Mar 20, 2019 12:15 pm
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