MCX Silver March futures contract slips near 3 percent

MCX Silver futures prices were trading lower on Monday taking weak cues from overseas markets.

As stronger rupee pressure remains on silver prices in the domestic market. However, the slight edge in the international market. The weak dollar and the market demand in Asia is slightly support.

At the Multi Commodity Exchange, in evening Silver futures contract delivery in March was trading at Rs 35,900 down Rs 1012, or 2.82 percent. Silver prices touched an intraday high of Rs 36976 and an intraday low of Rs 36891.

Elsewhere in metals trading at global market, silver for March delivery gained 0.84% to $16.165 a troy ounce.