6 days ago
Silver Prices Nearly Flat At Rs 2.39 Lakh Per Kg
Silver prices changed very little on Thursday.
September silver futures were priced at Rs 2,39,607 per kilogram.
This was Rs 31 lower than before.
The decrease was equal to 0.01%.
Traders reduced their bets and some participants sold silver.
This pushed the price slightly lower.
In New York, silver prices also fell by 0.35%.
They were trading at USD 68.35 per ounce.
September silver futures on the Multi Commodity Exchange fell Rs 31, or 0.01%, to Rs 2,39,607 per kilogram.
The contracts traded in a business turnover of 6,876 lots.
Prices were nearly flat as participants reduced their positions in silver futures.
Analysts attributed the decline mainly to selling by market participants.
Globally, silver was down 0.35% at USD 68.35 per ounce in New York.
- Who
- Silver futures traders and market participants.
- What
- September silver futures declined slightly to Rs 2,39,607 per kilogram.
- Where
- On the Multi Commodity Exchange; globally, silver traded in New York.
- When
- Thursday.
- Why
- Participants reduced their bets, and analysts said selling by participants weighed on prices.
Key facts
- Domestic price
- Rs 2,39,607 per kilogram
- Price change
- Down Rs 31, or 0.01%
- Contract
- September delivery silver futures
- Exchange
- Multi Commodity Exchange
- Business turnover
- 6,876 lots
- Global price
- USD 68.35 per ounce
- Global change
- Down 0.35% in New York
Sources
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