Silver futures down on global cues

PTI Updated - July 24, 2013 at 11:27 AM.

Tracking a weak trend overseas, silver futures prices fell Rs 80 or 0.19 per cent to Rs 41,776 per kg today, as speculators trimmed positions.

On the Multi Commodity Exchange, silver prices for delivery in September fell Rs 80 or 0.19 per cent to Rs 41,776 per kg in a business turnover of 500 lots.

Similarly, the white metal prices for delivery in far-month December lost Rs 71 or 0.17 per cent to trade at Rs 42,568 per kg in three lots.

Analysts said a weak trend overseas on profit-booking mainly weighed on silver prices at the futures trade here. Meanwhile, silver shed 0.9 per cent to $20.31 an ounce in Singapore today.

Published on July 24, 2013 05:56