Silver Down On Weak Global Cues

Silver futures closed lower in the domestic market on Wednesday 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 May 2017 contract closed at Rs 39,980 per kg, down by 0.26 per cent, after opening at Rs 40,000, against a previous close of Rs 40,083. It touched the intra-day high of Rs 40,116.

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Suhani Verma

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