Silver futures slip by Rs 124 on low demand

New Delhi-India (Sept 12)  Silver prices fell by Rs 124 to Rs 47,376 per kg in futures trade on September 12 as speculators trimmed their exposure despite a firm trend in global markets.

Traders attributed the fall in silver futures largely on a weak trend in domestic markets.

On Multi Commodity Exchange, silver for delivery in most-traded December was trading lower by Rs 124, or 0.26 percent, to Rs 47,376 per kg in a business turnover of 5,118 lots.

The metal for delivery for March next year fell by Rs 62, or 0.13 percent, to trade at Rs 48,484 per kg in 48 lots.

India vs South Africa Test series: Rohit Sharma likely to open; in-form Shubman Gill replaces KL Rahul

A tale of two bananas: The GST dilemma

Piyush Goyal trolled for Einstein comment on discovering gravity

In the international market, however, the precious metal gained 0.41 percent to USD 18.25 an ounce in New York.

MoneyControl

 

Silver Phoenix Twitter                 Silver Phoenix on Facebook