Silver futures prices fell Rs 488 or 0.92 per cent to Rs 52,282 per kg today

Silver futures prices fell Rs 488 or 0.92 per cent to Rs 52,282 per kg today, after participants reduced their positions amid a weak trend in the global market.

At the Multi Commodity Exchange, silver for delivery in March fell Rs 488 or 0.92 per cent to Rs 52,282 per kg with a business turnover of 3,626 lots. Similarly, May contract also lost Rs 472 or 0.88 per cent to Rs 53,378 per kg with a business volume of 183 lots.

Market analysts attributed the fall in silver prices at the futures trade to a subdued trend in the overseas markets, as signs that Europe’s debt crisis was easing trimmed the demand for the metal.

Meanwhile, silver fell 0.6 per cent to $30.09 an ounce in the early trade in Singapore today. – PTI

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Posted by Silver Guru on Jan 13 2012. Filed under Silver prices. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry