Business Standard

Silver down 0.3% on weak global cues

Metal for delivery in December declined by 0.26%

Press Trust of India New Delhi
Silver prices fell 0.32% to Rs 43,440 per kg in futures trade today in tune with a weak trend overseas amidst profit-booking by speculators.

At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 140, or 0.32%, to Rs 43,440 per kg in a business turnover of 312 lots.

Similarly, the white metal for delivery in December declined by Rs 116, or 0.26%, to Rs 44,300 per kg in a business volume of 12 lots.

In the international market, silver traded a shade lower at $19.88 an ounce in Singapore today.

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

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First Published: Aug 11 2014 | 12:10 PM IST

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