 "Silver down 0.4% on global cues")
Silver prices fell by Rs 155 to Rs 36,937 per kg in futures trade today, largely in tune with a weak trend overseas.
At the Multi Commodity Exchange, silver for delivery in July was trading low by Rs 155, or 0.42 per cent at Rs 36,937 per kg in a business turnover of 2,081 lots.
Similarly, the white metal for delivery in September declined by Rs 148, or 0.39 per cent, to Rs 37,440 per kg in a business volume of 73 lots.
Analysts said, offloading of positions by participants, tracking a weak trend in precious metals overseas pulled down the metal's prices.
Two key developments overseas--a policy update from the US Federal Reserve and a gathering of eurozone finance ministers to discuss Greece's intensifying debt crisis-- led to the fall in silver prices at futures trade here.
At the Multi Commodity Exchange, silver for delivery in July was trading low by Rs 155, or 0.42 per cent at Rs 36,937 per kg in a business turnover of 2,081 lots.
Similarly, the white metal for delivery in September declined by Rs 148, or 0.39 per cent, to Rs 37,440 per kg in a business volume of 73 lots.
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In the international market, silver lost 0.3 per cent at USD 16.04 an ounce in London.
Analysts said, offloading of positions by participants, tracking a weak trend in precious metals overseas pulled down the metal's prices.
Two key developments overseas--a policy update from the US Federal Reserve and a gathering of eurozone finance ministers to discuss Greece's intensifying debt crisis-- led to the fall in silver prices at futures trade here.