 "Silver down 1.2% on lower global trend")
Tracking a weak global trend, silver prices moved down by 1.26% to Rs 41,843 per kg in futures trade today as speculators offloaded positions.
At the Multi Commodity Exchange, silver for delivery in May moved down by Rs 534, or 1.26%, to Rs 41,843 per kg in a business turnover of 1,817 lots.
Similarly, the white metal for delivery in July declined sharply by Rs 509, or 1.18%, to Rs 42,615 per kg in 207 lots.
Meanwhile, silver fell by 1.90% to USD 19.25 an ounce in Singapore, the lowest level since April 5.
At the Multi Commodity Exchange, silver for delivery in May moved down by Rs 534, or 1.26%, to Rs 41,843 per kg in a business turnover of 1,817 lots.
Similarly, the white metal for delivery in July declined sharply by Rs 509, or 1.18%, to Rs 42,615 per kg in 207 lots.
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Market analysts said speculators trimmed positions in tandem with a weak global trend as investors assessed prospects for further cuts to the US Federal Reserve's stimulus programme amid signs of recovery in the world's largest economy that mainly weighed on the silver prices at futures trade.
Meanwhile, silver fell by 1.90% to USD 19.25 an ounce in Singapore, the lowest level since April 5.