Silver futures slide 0.48% on weak global trend

Written by PTI | New Delhi | Updated: Jun 18 2014, 17:15pm hrs
Tracking a weak global trend, silver futures prices today fell 0.48 per cent to Rs 42,170 per kg as speculators reduced positions.

At the Multi Commodity Exchange, silver prices for delivery in July drifted by Rs 204, or 0.48 per cent, to Rs 42,170 per kg in business turnover of 627 lots.

Similarly, the white metal prices for delivery in September lost Rs 188, or 0.44 per cent, at Rs 42,439 per kg in 73 lots.

Market analysts said a weak trend in the precious metals overseas, before the US Federal Reserve concludes a two-day policy meeting today, mainly pulled down silver prices at futures trade.

Meanwhile, silver slipped 0.20 per cent to USD 19.71 an ounce in Singapore today.