 "Silver down 0.5% on global cues")
Silver prices fell by 0.51% to Rs 39,997 per kg in futures trade today as speculators engaged in trimming positions against the backdrop of weak global trends.
At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 205, or 0.51%, to Rs 39,997 per kg in business turnover of 416 lots.
The white metal for delivery in far-month September declined by a similar margin to trade at Rs 40,110 per kg in 13 lots.
Market analysts trend in precious metals was weak in global markets after encouraging US economic data backed the case for the Federal Reserve to keep on reducing monetary stimulus. It has reduced the appeal of the precious metals, weighing on silver prices in the futures trade here.
At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 205, or 0.51%, to Rs 39,997 per kg in business turnover of 416 lots.
The white metal for delivery in far-month September declined by a similar margin to trade at Rs 40,110 per kg in 13 lots.
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In the international market, silver traded 0.18% lower at $18.99 an ounce, the lowest since May 2 in Singapore.
Market analysts trend in precious metals was weak in global markets after encouraging US economic data backed the case for the Federal Reserve to keep on reducing monetary stimulus. It has reduced the appeal of the precious metals, weighing on silver prices in the futures trade here.