home Latest News Silver futures slip by Rs 124 on low demand – Moneycontrol.com

Silver futures slip by Rs 124 on low demand – Moneycontrol.com

This post was originally published on this site

Silver prices fell by Rs 124 to Rs 47,376 per kg in futures trade on September 12 as speculators trimmed their exposure despite a firm trend in global markets.

Traders attributed the fall in silver futures largely on a weak trend in domestic markets.

On Multi Commodity Exchange, silver for delivery in most-traded December was trading lower by Rs 124, or 0.26 percent, to Rs 47,376 per kg in a business turnover of 5,118 lots.

The metal for delivery for March next year fell by Rs 62, or 0.13 percent, to trade at Rs 48,484 per kg in 48 lots.

related news

In the international market, however, the precious metal gained 0.41 percent to USD 18.25 an ounce in New York.
Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.