Silver futures edge lower by Rs. 98 per kg

New Delhi-India (Jan 1)  Silver prices edged lower by Rs. 98 to Rs. 39,139 per kg at the futures trade as speculators reduced their exposure.

At the Multi Commodity Exchange, silver for delivery in March was trading Rs. 98 or 0.25 per cent lower at Rs. 39,139 per kg in a business turnover of 170 lots. The metal for delivery in May too shed Rs. 62 or 0.16 per cent to Rs. 39,649 per kg in just one lot.

Analysts said the fall in prices at the futures trade was mainly attributed to offloading of positions by participants due to holiday in global markets.

BusinessLine