 "Silver down 0.4% on global cues")
Silver prices fell by 0.44% to Rs 44,010 per kg in futures trade today as speculators trimmed their positions, tracking a weak trend in the global markets.
At the Multi Commodity Exchange, silver for delivery in March traded by Rs 193, or 0.44%, to Rs 44,010 per kg in business turnover of 431 lots.
Similarly, the white metal for delivery in May declined by Rs 183, or 0.41%, to Rs 44,997 per kg in business volume of 11 lots.
Market analysts said a subdued trend in precious metals in the global markets as an improving economy cut demand for wealth protection, led to fall in silver prices at futures trade here.
At the Multi Commodity Exchange, silver for delivery in March traded by Rs 193, or 0.44%, to Rs 44,010 per kg in business turnover of 431 lots.
Similarly, the white metal for delivery in May declined by Rs 183, or 0.41%, to Rs 44,997 per kg in business volume of 11 lots.
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In the international market, silver traded 2.54% lower at $19.57 an ounce in New York in yesterday's trade.
Market analysts said a subdued trend in precious metals in the global markets as an improving economy cut demand for wealth protection, led to fall in silver prices at futures trade here.