Silver prices fell by Rs 22 to Rs 41,497 per kg in futures trade today as speculators trimmed their exposure amid a weak trend in global markets. At Multi Commodity Exchange, silver for delivery in July was trading lower by Rs 22 or 0.05% to Rs 41,497 per kg in a business turnover of 674 lots. The metal for delivery in far-month September fell by a similar margin to trade at Rs 42,244 per kg in 20 lots. In the international market, silver fell 0.34% to $17.35 an ounce in New York yesterday. Traders attributed the fall in silver in futures trade to a weak trajectory in global markets and emergence of profit-booking by speculators at prevailing levels.
Silver futures fall on weak overseas cues
Speculators trimmed their exposure amid a weak trend in global markets
Press Trust of India |