Silver prices fell 0.41 per cent to Rs 44,672 per kg at the futures trade today largely in tune with a weak trend overseas amid profit-booking by speculators.
On the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 188 or 0.41 per cent, to Rs 44,672 per kg in a business turnover of 781 lots.
Similarly, the white metal for delivery in December declined by Rs 182 or 0.4 per cent to Rs 45,541 per kg in a business volume of 28 lots.
In the international market, silver traded 0.89 per cent lower at $20.72 an ounce in New York in yesterday’s trade.
Analysts said apart from profit-booking by participants, a weak trend in global markets as the outlook for higher borrowing costs in the US strengthened the dollar and dampened the demand for an alternative investment, led to the fall in silver prices at the futures trade here.
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