MCX Silver March futures contract down 0.2%

Silver commodity futures prices on MCX were trading marginally down on Monday.

At the Multi Commodity Exchange, silver for delivery in March 2015, declined by Rs 77, or 0.21%, to Rs 37,238 per kg. Commodity prices touched an intraday high of Rs 37,377 and an intraday low of Rs 37,210. So far 496 futures contracts have been enter into commodity trade on MCX.

On the other hand, In Delhi bullion market silver ready fell by Rs 50 to Rs 37,250 per kg and weekly-based delivery by Rs 200 to Rs 37,250 per kg.

Silver coins, however, spurted by Rs 1,000 to Rs 60,000 for buying and Rs 61,000 for selling of 100 pieces

While in yellow metals trading in global marketplace, gained 0.53% to $16.233 a troy ounce.

Market participants said the fall in silver futures was mostly due to the discharge of the positions of the participants, even as the strength of the US dollar continued to weigh on bullion.