 "Silver down 0.6% on profit-booking; global cues")
Silver prices fell by 0.63% to Rs 42,710 per kg in futures trade today as speculators booked profits amid a weak trend in global markets.
At the Multi Commodity Exchange, silver prices for delivery in far-month December traded lower by Rs 270, or 0.63%, to Rs 42,710 per kg in business turnover of 21 lots.
Similarly, silver prices for delivery in September declined by Rs 259, or 0.61%, to Rs 41,975 per kg in business volume of 966 lots.
Market analysts said apart from profit-booking by participants, a weak trend in Asian region amid speculation the recent rally in precious metals may hurt demand, led to the fall in silver prices at futures trade here.
At the Multi Commodity Exchange, silver prices for delivery in far-month December traded lower by Rs 270, or 0.63%, to Rs 42,710 per kg in business turnover of 21 lots.
Similarly, silver prices for delivery in September declined by Rs 259, or 0.61%, to Rs 41,975 per kg in business volume of 966 lots.
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In international market, silver prices traded 1.07% lower at $20.32 an ounce in Singapore.
Market analysts said apart from profit-booking by participants, a weak trend in Asian region amid speculation the recent rally in precious metals may hurt demand, led to the fall in silver prices at futures trade here.
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