Silver Prices Decline: Profit Booking Impact
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Silver futures ease on profit booking. MCX silver contracts for September delivery decreased by Rs 230 to Rs 1,13,274 per kg.
New Delhi, Aug 6 (PTI) Silver prices on Wednesday declined by Rs 230 to Rs 1,13,274 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for September delivery decreased Rs 230, or 0.2 per cent, to Rs 1,13,274 per kilogram in a business turnover of 17,445 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
Globally, silver was trading 0.05 per cent lower at USD 37.79 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for September delivery decreased Rs 230, or 0.2 per cent, to Rs 1,13,274 per kilogram in a business turnover of 17,445 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
Globally, silver was trading 0.05 per cent lower at USD 37.79 per ounce in New York.
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