Silver Futures Plunges Rs 801 Per Kg on Lower Global Cues

Published: 27th January 2015 12:27 PM  |   Last Updated: 27th January 2015 12:27 PM   |  A+A-


NEW DELHI: Silver prices fell sharply by Rs 801 to Rs 39,164 per kg in futures trade today as speculators indulged in offloading positions amid a weak global trend.

At the Multi Commodity Exchange, silver for delivery in March plunged by Rs 801, or 2 per cent, to Rs 39,164 per kg in a business turnover of 927 lots.

Similarly, the white metal for delivery in far-month May lost Rs 772, or 1.90 per cent, to Rs 39,845 per kg in 35 lots.

Market analysts said speculators trimmed positions in tandem with a weak global trend where precious metals retreated ahead of US Federal Reserve meet, influencing silver prices at futures trade here.

Meanwhile, silver fell by 0.6 per cent to USD 17.81 an ounce in Singapore today.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp