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Last Updated : May 24, 2019 02:57 PM IST | Source: PTI

Silver futures fall on profit-booking, global cues

On the Multi Commodity Exchange, silver contracts for July delivery fell by Rs 122, or 0.33 percent, to Rs 36,535 per kg in a business turnover of 985 lots.

Silver prices dropped 0.33 percent to Rs 36,535 per kg in futures trade Friday amid profit-booking by participants and weak global cues.

On the Multi Commodity Exchange, silver contracts for July delivery fell by Rs 122, or 0.33 percent, to Rs 36,535 per kg in a business turnover of 985 lots.

Traders said off-loading of positions by participants to book profits and a weak trend in overseas markets led to the fall in silver prices in futures trade.

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Globally, silver was trading lower by 0.50 percent to USD 14.54 an ounce in New York.

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First Published on May 24, 2019 02:45 pm
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