FE:Silver futures price dip 0.64% on lower global trend
New Delhi: Silver prices dipped by Rs 384 to Rs 59,311 per kg in futures trade today largely on lower global trend.
At the Multi Commodity Exchange, silver for delivery in December dipped by Rs 384, or 0.64 per cent, to Rs 59,311 per kg in business turnover of 12,295 lots. Similarly, the metal for delivery in March plunged by Rs 360, or 0.58 per cent, to Rs 61,207 per kg in 612 lots.
Market analysts attributed the plunge in silver futures to lower global trend as strong dollar reduced appeal for the bullion.
Meanwhile, silver declined 1 per cent to USD 31.93 an ounce in Singapore.
