Thursday, 27 February 2014

PRECIOUS METALS TIPS FEBRUARY 27, 2014

SILVER
  • Silver prices fell by 0.35 per cent to Rs 47,650 per kg in futures trade today as participants indulged in reducing exposures, taking weak cues from the global market.
  • At the Multi Commodity Exchange, silver for delivery in March fell by Rs 167, or 0.35 per cent, to Rs 47,650 per kg in business turnover of 915 lots.
  • Similarly, the white metal for delivery in May declined by Rs 163, or 0.33 per cent, to Rs 48,606 per kg in business volume of 347 lots.
  • Market analysts said a subdued trend in the precious metals overseas due to weaker physical demand at prevailing higher levels, attributed fall in silver prices at futures trade here.
  • In the international market, silver eased to USD 21.84 an ounce from USD 21.86 in Singapore.

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