Silver down 0.3% on global cues

Market analysts said a subdued trend in the precious metals overseas due to weaker physical demand at prevailing higher levels, attributed the fall

Silver prices fell by 0.35% to Rs 47,650 per kg in futures trade today as participants indulged in reducing exposures, taking weak cues from the global market.

At the Multi Commodity Exchange, silver for delivery in March fell by Rs 167, or 0.35%, to Rs 47,650 per kg in business turnover of 915 lots.

Similarly, the white metal for delivery in May declined by Rs 163, or 0.33%, to Rs 48,606 per kg in business volume of 347 lots.

Market analysts said a subdued trend in the precious metals overseas due to weaker physical demand at prevailing higher levels, attributed fall in silver prices at futures trade here.

In the international market, silver eased to $21.84 an ounce from $21.86 in Singapore.