Profit-booking, weak global cues bites white metal

Profit-booking, weak global cues bites white metal

22/12/2016 16:21

Silver futures fell during evening trade in the domestic market on Thursday as investors and speculators exited their positions in the precious metal to book profits amid weak cues from overseas market.

The prices of silver was lower tracking weak cues from global markets and trimming of positions by participants in the domestic market.

At the MCX, silver futures for March 2017 contract is trading at Rs 39,061 per kg, down by 0.20 per cent, after opening at Rs 39007, against a previous close of Rs 39140. It touched the intra-day low of Rs 38860 (at 16:20 hours).

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