Silver futures marginally down by 0.2% on weak global trend

Tracking a weak trend overseas, silver futures prices today fell by Rs 80, or 0.19%, to Rs 41,776 per kg, as speculators trimmed positions.

 

At the Multi Commodity Exchange, silver prices for delivery in September fell by Rs 80, or 0.19%, to Rs 41,776 per kg in business turnover of 500 lots.

 

Similarly, the white metal prices for delivery in far- month December lost Rs 71, or 0.17%, at Rs 42,568 per kg in three lots.

 

Analysts said a weak trend in the white metal overseas on profit-booking, mainly weighed on silver prices at futures trade here.

 

Meanwhile, silver shed 0.90% to $20.31 an ounce in Singapore today.