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Journalism of Courage
Amid a weak trend in overseas markets and profit-booking by speculators,silver prices fell sharply by Rs 1,015 to Rs 62,262 per kg in futures trade today.
At the Multi Commodity Exchange,silver for delivery in December fell by Rs 1,015,or 1.60 per cent,to Rs 62,262 per kg,with a business turnover of 5,436 lots.
Similarly,the metal for delivery in March declined by Rs 1,006,or 1.55 per cent,to Rs 63,978 per kg,with a business turnover of 341 lots.
Marketmen said besides a weak trend in overseas markets on a firmer dollar,profit- ooking by speculators at current levels mainly led to a fall in silver prices at futures trade.
Meanwhile,silver fell by 2 per cent to USD 33.84 an ounce in Singapore,the lowest level since September 17.
