Silver futures prices down 0.44 pct on global cues

PTI Posted online: Monday, Dec 09, 2013 at 0000 hrs
New Delhi : Silver futures prices fell by 0.44 per cent to Rs 43,860 per kg in futures trade today on weak trend in the global market.

At the Multi Commodity Exchange, silver for delivery in March next year fell by Rs 192, or 0.44 per cent, to Rs 43,860 per kg in business turnover of 574 lots.

On similar lines, the white metal for delivery in May next declined by Rs 183, or 0.41 per cent, to Rs 44,730 per kg in business volume of 8 lots.

Market analysts said a subdued trend in the global markets as investors assessed the probability of a reduction in monetary stimulus this month after the US added more workers than forecast in November, led the fall in silver prices at futures trade here.

In the international market, silver fell by 0.20 per cent to USD 19.50 an ounce in Singapore.