 "Silver down 0.2% on global cues")
Taking weak cues from overseas markets silver prices fell by Rs 112 to Rs 42,000 per kg in futures trade today.
In futures trading at the Multi Commodity Exchange, silver for delivery in far-month September was trading lower by Rs 66, or 0.22%, at Rs 42,000 per kg in a business turnover of two lots.
Similarly, the white metal for delivery in July declined by Rs 80, or 0.19%, to Rs 41,275 per kg in a business volume of 353 lots.
Traders said the fall in silver prices was largely in line with a weak trend in precious metals at global markets on speculation that Britain will probably vote to stay in the European Union in a referendum tomorrow, undercutting demand for haven assets.
In futures trading at the Multi Commodity Exchange, silver for delivery in far-month September was trading lower by Rs 66, or 0.22%, at Rs 42,000 per kg in a business turnover of two lots.
Similarly, the white metal for delivery in July declined by Rs 80, or 0.19%, to Rs 41,275 per kg in a business volume of 353 lots.
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In the international market, silver fell 1.26% to $17.25 an ounce in New York yesterday.
Traders said the fall in silver prices was largely in line with a weak trend in precious metals at global markets on speculation that Britain will probably vote to stay in the European Union in a referendum tomorrow, undercutting demand for haven assets.