Silver futures drop 2% on subdued demand

NEW DELHI: Silver futures on Tuesday dropped by Rs 1,373 to Rs 67,427 per kg as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for May delivery tumbled by Rs 1,373, or 2 per cent, to Rs 67,427 per kg in a business turnover of 12,801 lots.

Silver traded lower by 2.52 per cent at USD 26.01 per ounce in New York.

Articles You May Like

Swiss Franc Weakens With Dollar, Aussie and Kiwi Firm
Creating Your Profitable Forex Trading System | #TraderTips
Gold hits 7-week peak as retreating US yields boost appeal
Citigroup beats estimates on reserve release, says it is exiting 13 retail markets outside the U.S.
Wells Fargo earnings top estimates on $1.05 billion release of loan loss reserves, stock jumps 5.6%

Leave a Reply

Your email address will not be published. Required fields are marked *