fbpx
Connect with us
RJI

Daily News

Silver futures fall 0.18% to Rs 38,816 per kg

Published

 on

RJI

Amid profit-booking by participants and weak global cues, silver prices dropped 0.18 per cent to Rs 38,816 per kg in futures trade Tuesday.At the Multi Commodity Exchange, silver for delivery in March fell Rs 71, or 0.18 per cent, to Rs 38,816 per kg in a business turnover of 985 lots.

Traders said offloading of positions by participants to book profits and a weak trend in overseas markets, as a firmer dollar eroded appeal for the precious metals as a safe haven, led to the fall in silver prices in futures trade.

Globally, silver rose 0.46 per cent to USD 15.26 an ounce in New York.

(Retail Jeweller will be hosting their 6th edition of Retail Jeweller India Forum on February 9, 2019 at Sofitel BKC, Mumbai.  Register yourself today to be part of the exciting knowledge-based event, which will have renowned speakers sharing their rich insights on this year’s theme ‘Innovate to Win’. For more information and to register, login on to retailjewellerindiaforum.com).

Courtesy: PTI

Continue Reading
Advertisement

Latest News

RJI