Silver futures prices down 0.28 pc on profit-booking; global cues

Jun 17 2014, 11:31 IST
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SummarySilver prices declined 0.28 per cent to Rs 42,085 per kg in futures trade today as speculators...

Silver prices declined 0.28 per cent to Rs 42,085 per kg in futures trade today as speculators booked profits amid a weak trend in the global markets.

At the Multi Commodity Exchange, silver prices for delivery in July traded lower by Rs 119, or 0.28 per cent, to Rs 42,085 per kg in business turnover of 341 lots.

Similarly, the white metal prices for delivery in September declined by Rs 93, or 0.22 per cent, to Rs 42,325 per kg in business volume of 12 lots.

In the international market, silver prices traded 0.40 per cent lower at USD 19.58 an ounce in Singapore.

Market analysts said apart from the profit-booking by participants, a weak trend in global markets ahead of the US Federal Reserve begins a two-day policy meeting today led to the fall in silver prices at futures trade here.

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