Silver futures down 0.62% on profit-booking, global cues

Written by PTI | New Delhi | Updated: Jun 30 2014, 17:16pm hrs
Silver prices fell 0.62 per cent to Rs 44,817 per kg in futures trade today amid profit-booking by speculators and a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 280, or 0.62 per cent, to Rs 44,817 per kg in a business turnover of 274 lots.

Similarly, the white metal for delivery in July declined by Rs 240, or 0.54 per cent, to Rs 44,289 per kg in a business volume of 478 lots.

In the international market, silver prices traded lower at USD 20,95 an ounce in Singapore from USD 20.96 on June 27.

Market analysts said apart from profit-booking by participants, a weak trend in global markets led to the fall in silver prices at futures trade here.