White metal loses sheen

16/11/2016 16:06

Silver futures were trading lower during the evening trade in the domestic market on Wednesday as investors and speculators exited their positions in the precious metal amid muted physical demand for silver in the domestic spot market.

Further, traders cut down their bets in the precious metal amid drop in demand for silver, influenced the precious metal prices at futures trade.

At the MCX, silver futures for December 2016 contract is trading at Rs 41,278 per kg, down by 0.31 per cent, after opening at Rs 41,541, against a previous close of Rs 41,407. It touched the intra-day low of Rs 41,250 (at 15:58 hours).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s