Silver Down On Weak Global Cues

Silver futures closed lower in the domestic market on Tuesday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.

At the MCX, silver futures for March 2017 contract closed at Rs 41,920 per kg, down by 1.20 per cent, after opening at Rs 42,475, against a previous close of Rs 42,429. It touched the intra-day low of Rs 41,888.

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Suhani Verma

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