Silver dips on weak global cues 04/05/2017

Silver dips on weak global cues
04/05/2017

Silver futures closed lower in the international 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 38,300 per kg, down by 1.01 per cent, after opening at Rs 38,744, against a previous close of Rs 38,689. It touched the intra-day low of Rs 38,108.

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