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Silver down 0.3% on profit-booking, global cues

Metal for delivery in September declined by 0.25%

Press Trust of India New Delhi
Silver prices fell 0.32% to Rs 44,428 per kg in futures trade today as speculators booked profits amid a weak trend in global markets.

At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 142, or 0.32%, to Rs 44,428 per kg in a business turnover of 395 lots.

Similarly, the white metal for delivery in far-month September declined by Rs 113, or 0.25%, to Rs 44,799 per kg in a business volume of 55 lots.

In the international market, silver traded 0.40% lower at $20.79 an ounce in Singapore.

Market analysts said apart from profit-booking by participants, a weak trend in precious metals in the Asian region led to the fall in silver prices at futures trade here.

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First Published: Jun 23 2014 | 11:56 AM IST

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