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Monday 3 October 2016

Silver down on weak global cues : 3 Sept 2016

Silver futures closed lower in the domestic market on Friday as participants engaged in trimming their positions taking weak cues from the global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.
At the MCX, silver futures for December 2016 contract closed at Rs 45,760 per kg, down by 0.16 per cent, after opening at Rs 45,680, against a previous close of Rs 45,834. It touched the intra-day low of Rs 45,616.


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