At the Multi Commodity Exchange, silver for the month of May contract traded at Rs 583, or 1.45 per cent lower at Rs 39,561 per kg in a turnover of just one lot, while March contract fell by Rs 434, or 1.09 per cent to Rs 39,435 per kg in a turnover of five lots.
Similarly, the metal for delivery in December-month declined by Rs 419, or 1.06 per cent to Rs 39,191 per kg with a business turnover of 9 lots.
Analysts attributed fall in silver futures prices to slackened demand at the domestic spot markets following end of festive season and a weak trend overseas after a stronger dollar reduced appeal for precious metals as an alternative investment.
Meanwhile, silver lost 1.96 per cent to USD 25.53 an ounce in New York last evening.
Aluminium, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, Zinc - These are involved in our life to that extent, we can't even dream to live without them. |
RECENT ARTICLES
No comments:
Post a Comment