HomeNewsBusinessMarketsSilver cracks below Rs 46,000, down Rs 350 on global cues

Silver cracks below Rs 46,000, down Rs 350 on global cues

Silver cracked below Rs 46,000-mark by falling Rs 350 to Rs 45,800 per kg today, tracking a weak trend overseas amid reduced off-take by industrial units in the domestic market.

September 10, 2016 / 16:06 IST
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Silver cracked below Rs 46,000- mark by falling Rs 350 to Rs 45,800 per kg today, tracking a weak trend overseas amid reduced off-take by industrial units in the domestic market.

On the other hand, gold held steady at Rs 31,150 per 10 grams in scattered deals.

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Traders said besides weak trend overseas, reduced off-take by industrial units and coin makers in local spot market pulled down silver prices.

Globally, silver fell 2.78 per cent to USD 19.03 an ounce and gold 0.78 per cent to USD 1,327.80 an ounce in New York in yesterday's trade.