Silver price futures down 0.84 pc on global cues

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Silver prices fell by 0.84 per cent to Rs 43,904 per kg in futures trade as speculators trimmed their positions, taking weak cues from global markets. Silver prices fell by 0.84 per cent to Rs 43,904 per kg in futures trade as speculators trimmed their positions, taking weak cues from global markets.
SummarySilver prices fell by 0.84 per cent to Rs 43,904 per kg in futures trade as speculators trimmed their positions, taking weak cues from global markets.

Silver prices fell by 0.84 per cent to Rs 43,904 per kg in futures trade today as speculators trimmed their positions, taking weak cues from global markets.

At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 370, or 0.84 per cent, to Rs 43,904 per kg in business turnover of 100 lots.

Similarly, the white metal for delivery in March next year declined by Rs 373, or 0.81 per cent, to Rs 45,471 per kg in business volume of 550 lots.

In the international market, silver fell as much as one per cent to USD 19.79 an ounce in Singapore, snapping two days of gains.

Market analysts said a subdued trend in precious metals in the global markets on speculation that the Federal Reserve will begin reducing monetary stimulus as the US economy strengthens, mainly put pressure on silver futures here.

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