Silver futures slide Rs 177 per kg on global cues

Silver prices were trading down by Rs 177 to Rs 43,247 per kg in futures trade today as traders cut down their bets at prevailing levels amid a weak global trend.
At the Multi Commodity Exchange, silver for delivery in March fell Rs 177, or 0.41 per cent, to Rs 43,247 per kg in a business turnover of 811 lots.
Similarly, the white metal for delivery in far-month May was trading lower by Rs 155, or 0.35 per cent, to Rs 43,852 per kg in 761 lots.
Market analysts attributed the weakness in silver futures to bearish global cues.
Globally, silver traded 0.46 per cent lower at USD 18.24 an ounce in New York yesterday.