Silver Dips On Weak Global Cues

Silver futures closed lower in the domestic market on Friday 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 September 2017 contract closed at Rs 37,440 per kg, down by 3.27 per cent, after opening at Rs 37,440, against a previous close of Rs 37,452. It touched the intra-day low of Rs 35,980.

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Suhani Verma

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