Silver prices down by Rs 62 to Rs 56,095 per kg at the futures market

Amid profit-booking by speculators, a weak trend in Asian region pulled silver prices down by Rs 62 to Rs 56,095 per kg at the futures market today.

At the Multi Commodity Exchange, silver for delivery in March declined by Rs 62 or 0.11 per cent to Rs 56,095 per kg in a business turnover of 5,813 lots. Similarly, the metal for delivery in May shed Rs 27 or 0.05 per cent to Rs 57,516 per kg in 245 lots.

Analysts said besides profit-booking by speculators, a weak trend in the Asian region mainly helped silver prices to trade lower at the futures trading.

Meanwhile, the white metal lost 0.36 per cent to $33.55 an ounce in Singapore.  - PTI

Tags: price of silver, Silver, silver analysis, silver futures, silver futures prices, silver news, silver price, silver prices, silver spot, spot silver

Posted by Silver Guru on Feb 6 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