 "Silver futures down 1% on lower global trend")
Tracking a weak global trend, silver prices moved down by 1.08% to Rs 44,590 per kg in futures trade today as speculators partially offloaded positions.
At the Multi Commodity Exchange, silver for delivery in March 2014 moved down by Rs 487, or 1.08% to Rs 44,590 per kg in business turnover of 537 lots.
Similarly, the white metal for delivery in current month declined by Rs 343, or 0.83%, to Rs 43,468 per kg in 7 lots.
Meanwhile, silver fell by 0.40% to $19.61 an ounce in Singapore. It dropped to $18.90 yesterday, the lowest since July 8.
At the Multi Commodity Exchange, silver for delivery in March 2014 moved down by Rs 487, or 1.08% to Rs 44,590 per kg in business turnover of 537 lots.
Similarly, the white metal for delivery in current month declined by Rs 343, or 0.83%, to Rs 43,468 per kg in 7 lots.
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Market analysts said speculators trimmed positions in tandem with a weak global trend, mainly weighed on the silver prices at futures trade.
Meanwhile, silver fell by 0.40% to $19.61 an ounce in Singapore. It dropped to $18.90 yesterday, the lowest since July 8.