DAILY BUZZ
SILVER
- Silver prices fell by 0.36 per cent to Rs 45,742 per kg in futures trade today as speculators engaged in reducing their positions largely in tune with a weakening trend overseas .
- At the Multi Commodity Exchange, silver for delivery in far-month July traded lower by Rs 163, or 0.36 per cent, to Rs 45,742 per kg in business turnover of 34 lots.
- Similarly, the white metal for delivery in May declined by Rs 152, or 0.34 per cent, to Rs 44,840 per kg in business volume of 765 lots.
- In the international market, silver fell 1.65 per cent to $20.27 an ounce in New York yesterday.
- Market analysts said a subdued trend in precious metals in the global markets after the US Federal Reserve indicated that it would raise interest rates next year, curbing demand for the safe-haven, put pressure on silver futures trade here.
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