Silver futures decline by 0.6% on weak overseas trend
In Singapore, silver dropped 0.70% to $22.53 an ounce
 "Silver futures decline by 0.6% on weak overseas trend")
Tracking a weak trend overseas, silver prices fell by 0.56% to Rs 43,365 per kg in futures trade today as speculators engaged in off-loading positions.
At the Multi Commodity Exchange (MCX), the July contract lost Rs 245, or 0.56%, to Rs 43,365 per kg in 1,115 lots.
The September contract dropped by Rs 233, or 0.53%, to Rs 44,004 per kg in 28 lots.
In Singapore, silver dropped 0.70% to $22.53 an ounce.
At the Multi Commodity Exchange (MCX), the July contract lost Rs 245, or 0.56%, to Rs 43,365 per kg in 1,115 lots.
The September contract dropped by Rs 233, or 0.53%, to Rs 44,004 per kg in 28 lots.
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Analysts said a weak trend in global markets as the dollar strengthened before data that's forecast to show the US economy is improving, boosting the case for reduced stimulus, and as higher prices damped physical demand, influenced silver futures here.
In Singapore, silver dropped 0.70% to $22.53 an ounce.