 "Silver down by 0.2%, tracking weak global trend")
Amid a weakening trend overseas, silver fell Rs 89 to Rs 41,104 per kg in futures trade today as speculators cut down their bets.
Silver for delivery in July traded lower by Rs 89 or 0.22% to Rs 41,104 per kg in a business turnover of 296 lots in futures trading at Multi Commodity Exchange (MCX).
On similar lines, the white metal for delivery in far-month September was trading lower by Rs 21 or 0.05% at Rs 41,900 per kg in a business turnover of 30 lots.
Market analysts said a weak trend in precious metals in global markets ahead of Britain's referendum on membership of the European Union and trimming of positions by speculators at prevailing levels, kept pressure on silver futures.
Silver for delivery in July traded lower by Rs 89 or 0.22% to Rs 41,104 per kg in a business turnover of 296 lots in futures trading at Multi Commodity Exchange (MCX).
On similar lines, the white metal for delivery in far-month September was trading lower by Rs 21 or 0.05% at Rs 41,900 per kg in a business turnover of 30 lots.
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In international market, silver traded 0.12% lower at $17.21 an ounce in Singapore.
Market analysts said a weak trend in precious metals in global markets ahead of Britain's referendum on membership of the European Union and trimming of positions by speculators at prevailing levels, kept pressure on silver futures.
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