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Silver falls 0.74% on profit-booking

A weak trend overseas also affected prices

Press Trust of India New Delhi
Silver prices fell by 0.74% to Rs 45,727 per kg in futures trade today amidst profit-booking by speculators and a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 341, or 0.74%, to Rs 45,727 per kg in a business turnover of 753 lots.

Similarly, the white metal for delivery in December declined by Rs 356, or 0.72%, to Rs 46,581 per kg in a business volume of 33 lots.

In the international market, silver traded lower at $21.43 an ounce in Singapore from $21.44 on July 11.

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

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First Published: Jul 14 2014 | 12:09 PM IST

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