)
Silver prices were down by Rs 119 to Rs 37,746 per kg in futures trade today as speculators reduced exposures amid a weak trend in the global markets.
At the Multi Commodity Exchange, silver prices for delivery in July traded lower by Rs 119, or 0.31%, to Rs 37,746 per kg in business turnover of 591 lots.
Similarly, the white metal prices for delivery in far-month September declined by Rs 103, or 0.27%, to Rs 38,250 per kg in business volume of five lots.
In the international market, silver prices traded 0.2% lower at $16.30 an ounce in Singapore.
Marketmen said off-loading of positions by participants amid a weak trend in global markets after data on US jobless claims showed an improving labour market ahead of the release of non-farm payroll figures for April, boosting speculation that interest rates will rise this year, put pressure on silver prices at futures trade here.
