Prices of silver tumbled Wednesday on MCX. Silver prices fell for the third consecutive day and lost 0.67 per cent to Rs 44,703 per kg in the futures market today on continuous discharge of positions from speculators amidst a weaker global trend.
On MCX Silver September futures contract was trading at Rs 44703 down Rs 300, or 0.67 percent. Silver price hit an intraday high of Rs 44,770 and an intraday low of Rs 44,631. So far 331 contracts have been traded.
While the white metal Silver July futures contract was trading at Rs 44223 down Rs 271, or 0.61 percent. Silver December futures contract was trading at Rs 45531 down Rs 439, or 0.95 percent.
KheloMCX Commodity Market analysts said speculators cut positions in tandem with weak world tendency silver prices fell on futures trading.
In the international market, gold - silver are trading with losses. Silver is the drastic decline of 0.92 per cent. On the Comex, silver for September delivery shed 0.92%, or 19.4 cents, to trade at $ 20.90 a troy ounce.
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