Silver down 0.3% on global cues

Metal for delivery in September declined by 0.35%

Press Trust of India New Delhi
Last Updated : May 27 2014 | 1:10 PM IST
Amid a weakening trend overseas, silver prices fell 0.38% to Rs 41,025 per kg in futures trade today as speculators trimmed positions.

At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 158, or 0.38%, to Rs 41,025 per kg in business turnover of 530 lots.

Similarly, the white metal for delivery in September declined by Rs 143, or 0.35%, to Rs 41,080 per kg in business volume of 20 lots.

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In the international market, silver traded 0.20% lower at $19.39 an ounce in Singapore.

Market analysts said a weak trend in precious metals in the global markets, weighed on silver futures here.

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First Published: May 27 2014 | 11:28 AM IST

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