White Metal Dips On Weak Global Cues

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Silver futures were trading lower during the afternoon trade in the domestic market on Wednesday as participants engaged in trimming their positions taking weak cues from global market. We attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.

 

At the MCX, silver futures for May 2018 contract was trading at Rs 39210 per kg, down by 0.18 per cent, after opening at Rs 39,264, against a previous close of Rs 39,281. It touched the intra-day low of Rs 39,130.

 

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