Silver futures fall 0.52% on weak global trend

By
Daily Excelsior
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NEW DELHI, June 26: Silver futures fell 0.52 per cent to Rs 44,419 per kg today as speculators reduced positions on weak cues from global markets.
At the Multi Commodity Exchange, silver for delivery in July eased by Rs 234, or 0.52 per cent, to Rs 44,419 per kg in a business turnover of 464 lots.
Similarly, the white metal for delivery in September lost Rs 227, or 0.50 per cent, to Rs 44,925 per kg in 91 lots.
Market analysts said a weak trend overseas as stronger equities dented the precious metals’ safe-haven appeal, mainly pulled down silver prices at futures trade.
Meanwhile, silver slipped 0.30 per cent to USD 20.97 an ounce in Singapore today. (AGENCIES)

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