Monday, October 17, 2016

Silver down on weak global signs in market

On the domestic market Silver futures closed low on Friday 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 and profit-booking by participants at existing levels.

At the MCX, silver futures for Dec 2016 contract closed at Rs 41,780 per kg, down by 0.26 %, after opening at Rs 41,856, against a previous close of Rs 41,890. It touched the intra-day lower of Rs 41,567.