Silver futures down 0.32% on profit-booking, global cues
Silver prices fell 0.32 per cent to Rs 44,428 per kg in futures trade today as speculators booked profits amid a weak trend in global markets.
At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 142, or 0.32 per cent, to Rs 44,428 per kg in a business turnover of 395 lots.
Similarly, the white metal for delivery in far-month September declined by Rs 113, or 0.25 per cent, to Rs 44,799 per kg in a business volume of 55 lots.
In the international market, silver traded 0.40 per cent lower at USD 20.79 an ounce in Singapore.
Market analysts said apart from profit-booking by participants, a weak trend in precious metals in the Asian region led to the fall in silver prices at futures trade here.
Source: economictimes
