Silver falls 0.32% on weak global cues

Aug 11 2014, 14:15 IST
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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. 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.
SummarySilver prices fell 0.32 per cent to Rs 43,440 per kg in futures trade today.

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.

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