Silver futures down on reduced offtake

Silver futures for May fell by Rs 250 to Rs 59,491 per kg in 368 lots.

At the Multi Commodity Excahnge (MCX), the March contract declined by Rs 216, or 0.37% to Rs 58,140 per kg in 8691 lots.

reduced offtake by traders on subdued demand in the spot market amid a weak global trend.

Reduced offtake by traders on sluggish spot market demand affected the trade.

Weak global trend influenced silver futures trade here.

In Londin, silver shed 0.38% to $31.70 an ounce.