 "Silver down 0.3% on profit-booking; global cues")
Silver prices declined 0.28% to Rs 42,085 per kg in futures trade today as speculators booked profits 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 0.28%, to Rs 42,085 per kg in business turnover of 341 lots.
Similarly, the white metal prices for delivery in September declined by Rs 93, or 0.22%, to Rs 42,325 per kg in business volume of 12 lots.
Market analysts said apart from the profit-booking by participants, a weak trend in global markets ahead of the US Federal Reserve begins a two-day policy meeting today led to the fall in silver prices at futures trade here.
At the Multi Commodity Exchange, silver prices for delivery in July traded lower by Rs 119, or 0.28%, to Rs 42,085 per kg in business turnover of 341 lots.
Similarly, the white metal prices for delivery in September declined by Rs 93, or 0.22%, to Rs 42,325 per kg in business volume of 12 lots.
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In the international market, silver prices traded 0.40% lower at $19.58 an ounce in Singapore.
Market analysts said apart from the profit-booking by participants, a weak trend in global markets ahead of the US Federal Reserve begins a two-day policy meeting today led to the fall in silver prices at futures trade here.
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