White metal down on profit-booking

White metal down on profit-booking

10/02/2017 16:22

Silver futures were trading lower in the domestic market on Friday as investors and speculators remained on the sidelines in the precious metal and booked profits on muted safe-haven demand despite political risks from elections in Europe and worries over US President Trump’s policies.

At the MCX, silver futures for March 2017 contract is trading at Rs 41920 per kg, down by 0.26 per cent, after opening at Rs 42145, against a previous close of Rs 42031. It touched the intra-day low of Rs 41793 (at 16:28 hours).

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