Saturday 18 January 2020
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business-standard - 1 month ago

Silver futures slump Rs 168 to Rs 44,442 per kg

Silver futures on Friday slumped by Rs 168 to Rs 44,442 per kg as participants cut down their bets taking weak cues from overseas markets. On the Multi Commodity Exchange, silver contracts for December delivery tumbled Rs 168, or 0.38 per cent, to Rs 44,442 per kg in a business turnover of 2,091 lots. In the international market, silver prices fell 0.43 per cent to USD 16.99 an ounce in New York. Traders said the fall in silver prices in futures trade was largely in line with a weak trend in precious metals in global markets.


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