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Silver costs dropped 0.16 percent to Rs 37,150 for every kg in prospects exchange on July 4 in the midst of benefit booking by members and frail worldwide signals. On the Multi Commodity Exchange, silver contracts for July conveyance fell by Rs 60, or 0.16 percent, to Rs 37,150 for every kg in a business turnover of 65 parcels.
Dealers said off-stacking of positions by members to book benefits and a feeble pattern in abroad markets prompted the fall in silver costs in prospects exchange.
All around, silver was exchanging lower by 0.40 percent to USD 15.28 an ounce in New York.