Term Money Has Continued To Slide On Weak Global Indices

Silver continued its downward trend for another session and its price fell from Rs 786 to Rs 59,260 per kg in futures trading Thursday speculators liquidate their positions engaged in, taking clues from a weakening global market.

In the stock market for many commodities, silver for July delivery fell R 786, or 1.31 percent to 59,260 rupees per kilo, with a turnover of three lots. Similarly, the metal for delivery in May fell Rs 361 or 0.61 percent to 58,470 rupees per kilo, with a trade volume of a single batch.

At the same time, the silver in New York fell 1.4 percent to $ 38.85 an ounce, the loss of 22 percent since the metal reached a peak at their highest level since 1980, 25 April.