Silver futures down 0.58 pct on global cues

Oct 22 2013, 12:50 IST
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SummaryIn the international market, silver traded 0.79 per cent lower at USD 22.06 an ounce in Singapore.

Taking cues from the overseas markets and profit-booking by speculators, silver prices fell by 0.58 per cent to Rs 50,175 per kg in futures trade today.

At the Multi Commodity Exchange, silver for delivery in March, 2014, traded lower by Rs 295, or 0.58 per cent, to Rs 50,175 per kg in business turnover of three lots.

Similarly, the white metal for delivery in December declined by Rs 252, or 0.51 per cent, to Rs 48,926 per kg in business volume of 314 lots.

In the international market, silver traded 0.79 per cent lower at USD 22.06 an ounce in Singapore.

Market analysts said a weak trend in precious metals in the global markets and profit-booking by speculators, led to fall in silver prices at futures trade here.

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