DAILY BUZZ
SILVER
Silver
prices fell by Rs 211 to Rs 42,130 per kg in futures trade today as
speculators engaged in reducing positions largely in tune with a
weakening trend overseas.
At
the Multi Commodity Exchange, silver for delivery in September traded
lower by Rs 211, or 0.50 per cent, to Rs 42,130 per kg in a business
turnover of 331 lots.
Similarly,
the white metal for delivery in far-month December declined by Rs
181, or 0.42 per cent, to Rs 42,897 per kg in a business volume of 35
lots.
In
the international market, silver fell 0.41 per cent to $ 19.37 an
ounce in Singapore.
Market
analysts said a subdued trend in the global markets as minutes of the
Federal Reserve's last meeting signalled that policy makers may
increase borrowing costs earlier than expected amid strengthening
dollar, reducing appeal of precious metals, put pressure on silver
futures here.
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