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Silver futures down 0.6% on profit-booking; global cues

A weak trend in Asian region, led to the fall in silver prices

Press Trust of India New Delhi
Amid profit-booking by speculators and a weak trend overseas, silver prices fell by 0.59% to Rs 42,067 per kg in futures trade today.
 
At the Multi Commodity Exchange, silver prices for delivery in far-month December traded lower by Rs 251, or 0.59%, to Rs 42,067 per kg in business turnover of 31 lots.
 
Similarly, the white metal prices for delivery in September declined by Rs 241, or 0.58%, to Rs 41,279 per kg in business volume of 862 lots.
 
In international market, silver prices traded 1.10% lower at $19.64 an ounce in Singapore.
 
Market analysts said apart from profit-booking by participants, a weak trend in Asian region, led to the fall in silver prices at futures trade here. 
 

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First Published: Aug 01 2013 | 11:15 AM IST

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