Silver futures on
Wednesday closed down in the domestic market as participants engaged in
trimming their positions taking weak signs from global market. Marketmen
attributed the drop in silver prices at futures trade to a weak trend in the
precious metals overseas & profit-booking by participants at existing
levels.
At the MCX, silver
futures for Dec 2016 contract closed at Rs 42,800 per kg, downward by 0.19 %,
after opening at Rs 42,950, against a previous close of Rs 42,881. It touched
the intra-day low of Rs 42,120.
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