Silver futures down 0.37% on weak overseas cues

Silver prices were down 0.37 per cent to Rs 33,805 per kg in futures trade today as speculators reduced their exposure amid a weak trend in global markets.
At Multi Commodity Exchange, silver prices for delivery in September traded lower by Rs 125, or 0.37 per cent, to Rs 33,805 per kg in business turnover of 603 lots.
Similarly, the metal for delivery in far-month December declined Rs 125, or 0.36 per cent, to Rs 34,575 per kg in business volume of 12 lots.
In the international market, silver prices fell 1.36 per cent to USD 14.54 an ounce in New York yesterday.

Analysts attributed the fall in silver prices in futures trade to a weak trajectory in global markets before the Federal Reserve policy makers scheduled to meet Tuesday.