UC News

Silver futures slip by Rs 174 on low demand

New Delhi, Oct 10 Silver prices fell by Rs 174 to Rs 45,870 per kg in futures trade on Thursday as investors reduced their positions even as the metal gained overseas.

Silver contracts for December delivery traded lower by Rs 174, or 0.38 per cent, to Rs 45,870 per kg in a business turnover of 3,033 lots on the Multi Commodity Exchange (MCX).

The white metal for delivery in March next year fell by Rs 133, or 0.28 per cent, to Rs 46,860 per kg in a business turnover of 18 lots.

In the international market, silver traded marginally higher by 0.06 per cent at USD 17.82 an ounce on COMEX.

Marketmen said trimming of positions by speculators at prevailing levels mainly exerted pressure on silver futures. PTI VHP SHW SHW

Topic: #silver
Open UCNews to Read More Articles