Silver futures slip by Rs 124 on low demand

September 12, 2019

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.

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



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