 "Silver futures slide 1.6% on weak global trend")
Tracking a weak global trend, silver futures prices today fell 1.59%, to Rs 49,744 per kg, as speculators trimmed positions.
At the Multi Commodity Exchange, silver prices for delivery in far-month March plunged by Rs 802, or 1.59%, to Rs 49,744 per kg in business turnover of 29 lots.
Similarly, silver prices for delivery in December lost Rs 620, or 1.46%, at Rs 48,586 per kg, in 2,050 lots.
Globally, silver for spot delivery sank 1.4% to $21.48 an ounce in Singapore.
At the Multi Commodity Exchange, silver prices for delivery in far-month March plunged by Rs 802, or 1.59%, to Rs 49,744 per kg in business turnover of 29 lots.
Similarly, silver prices for delivery in December lost Rs 620, or 1.46%, at Rs 48,586 per kg, in 2,050 lots.
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Market analysts said a weak trend in the precious metals overseas as investors weighed the outlook for stimulus in the US after a Federal Reserve policy maker said a small taper may occur next month, mainly attributed fall in silver prices at futures trade.
Globally, silver for spot delivery sank 1.4% to $21.48 an ounce in Singapore.