Thursday, October 6, 2016

Commodity Watch: Silver dips on weak global signs

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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