Tue May 08 2012
Silver prices fell by 0.77% to ` 56,835 per kg in futures trade
today amid weak trend in overseas markets and profit-booking by speculators. At
the MCX, silver for delivery in September fell by ` 339, or 0.77%, to `
56,835 per kg in business turnover of 169 lots.
The July contract declined by ` 426, or 0.76%, to ` 55,370 per kg in 3,081 lots. Analysts
said besides, weak trend in overseas markets, profit-booking by speculators at
current levels mainly led to a fall in silver prices at futures trade. Meanwhile,
silver fell by 0.80% to $29.85 an ounce in Singapore.
Source: Business-Standard.