Silver futures fall Rs 133 as global cues hurt

Taking weak cues from global market, silver prices tumbled by Rs 133 to Rs 38,130 per kg in futures trade today as participants preferred to trim positions.
At the Multi Commodity Exchange, silver for delivery in September was trading lower by Rs 133, or 0.35 per cent, to Rs 38,130 per kg in a business turnover of 289 lots.
The white metal for delivery in December lost Rs 115, or 0.30 per cent, to Rs 38,788 per kg in a business volume of 2 lots.
In the international market, silver was trading 0.24 per cent down at USD 16.51 an ounce in Singapore today.

Marketmen said, cutting down of positions by speculators, tracking a weak trend in global markets, mainly attributed fall in silver prices at futures trade here.