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This is an archive article published on July 11, 2011

Silver futures marginally down on weak Asian cues

Amid weak trend in the Asian region and profit-booking by speculators,silver prices fell by 0.11 per cent to Rs 54,678 per kg in futures trade on Monday. At the Multi Commodity Exchange,silver for delivery in September eased by Rs 58,or 0.11 per cent,to Rs 54,736 per kg,with a business turnover of 1,735 lots. Similarly,the white hellip;

Amid weak trend in the Asian region and profit-booking by speculators,silver prices fell by 0.11 per cent to Rs 54,678 per kg in futures trade on Monday.

At the Multi Commodity Exchange,silver for delivery in September eased by Rs 58,or 0.11 per cent,to Rs 54,736 per kg,with a business turnover of 1,735 lots.

Similarly,the white metal for delivery in December fell by Rs 6,or 0.01 per cent,to Rs 55,799 per kg,with a trade volume of 73 lots.

Analysts attributed the decline in silver futures prices to reducing of positions by speculators,after the white metal weakened in the Asian region.

Meanwhile,silver shed 0.40 per cent to USD 36.56 an ounce in the Asian region.

 

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