Silver futures down 0.63% Gold futures soften on global cues

SILVER- Tracking a weak global trend, silver prices moved down by 0.63 per cent to Rs 51,450 per kg in futures trade today as speculators offloaded their positions.

 At the MCX, silver for delivery in May moved down by Rs 325, or 0.63 per cent to Rs 51,450 per kg in business turnover of 5440 lots.

Similarly, the white metal for delivery in July declined by Rs 313, or 0.59 per cent to Rs 52480 per kg in 342 lots.

 

Gold- Gold prices fell by Rs 30 to Rs 29,200 per ten grams in futures trade today as speculators trimmed their positions, taking weak global cues.

At the MCX, Gold for delivery in June fell by Rs 30, or 0.10 per cent to Rs 29,200 per ten grams in business turnover of 3795 lots.

Similarly, the yellow metal for delivery in August traded lower by Rs 31, or 0.10 per cent to Rs 29,671 per ten grams in 136 lots. 

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