Silver futures closed low in the domestic market on Friday as
investors and speculators exited their positions in the precious metal tracking
overseas cues.
Prices for silver futures fell as hawkish comments from US Fed
officials raised bets on a rate hike as early as September, thus diminishing
demand for silver. At the MCX, silver futures for December 2016 contract closed
at Rs 46,240 per kg, down by 1.01 %, after opening at Rs 46,719, against a last
close of Rs 46,714. It touched the intra-day low of Rs 46,125.
