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Last Updated : May 16, 2019 02:26 PM IST | Source: PTI

Silver slides 0.07% on low demand

On the Multi Commodity Exchange, silver for delivery in July contracts fell by Rs 27, or 0.07 percent, to Rs 37,490 per kg in a business turnover of 22,198 lots.

Silver prices dipped 0.07 percent to Rs 37,490 per kg in futures trade Thursday tracking weak cues from the domestic market.

On the Multi Commodity Exchange, silver for delivery in July contracts fell by Rs 27, or 0.07 percent, to Rs 37,490 per kg in a business turnover of 22,198 lots.

The white metal for delivery in September contracts was trading lower by Rs 41, or 0.11 percent, to Rs 38,015 per kg in a business turnover of 958 lots.

Traders said, off-loading of positions by participants on the back of weak domestic trend mainly dented silver prices here.

The precious metal, however, gained steam in the global market. It was trading up 0.05 percent to USD 14.82 an ounce in New York.
First Published on May 16, 2019 02:24 pm
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