Silver down 0.3% on weak global cues

Metal for delivery in July declined by 0.19%

Silver futures prices today fell by another 0.33% to trade at Rs 42,664 per kg, taking weak cues from the global markets.

At the Multi Commodity Exchange, silver for delivery in May traded lower by Rs 141, or 0.33%, to Rs 42,664 per kg in a business turnover of 561 lots.

Similarly, the precious metal for delivery in July declined by Rs 81, or 0.19%, to Rs 43,380 per kg in business volume of eight lots.

In Singapore, silver traded 0.40% lower at $19.68 an ounce in Singapore, extending a 6.8% retreat in March.

Market analysts said a weakening trend in the precious metal in the global markets mainly weighed on the silver prices at futures trade here.