Silver falls 0.32% on weak global cues

Written by PTI | New Delhi | Updated: Aug 11 2014, 19:45pm hrs
SilverThe white metal for delivery in December declined by Rs 116, or 0.26 per cent, to Rs 44,300 per kg in a business volume of 12 lots.
Silver prices fell 0.32 per cent to Rs 43,440 per kg in futures trade today in tune with a weak trend overseas amidst profit-booking by speculators.

At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 140, or 0.32 per cent, to Rs 43,440 per kg in a business turnover of 312 lots.

Similarly, the white metal for delivery in December declined by Rs 116, or 0.26 per cent, to Rs 44,300 per kg in a business volume of 12 lots.

In the international market, silver traded a shade lower at USD 19.88 an ounce in Singapore today.

Analysts said apart from profit-booking by participants, a weak trend in precious metals led to the fall in silver prices at futures trade here.