 "Silver down 1.3% on weak global cues, profit-booking")
Taking weak cues from overseas markets, silver prices tumbled Rs 526 to Rs 41,158 per kg in futures trade today, as participants reduced exposure.
At the Multi Commodity Exchange, silver for delivery in July lost Rs 526, or 1.26%, to Rs 41,158 per kg on a business turnover of 1,548 lots.
Similarly, the white metal for delivery in far-month September was trading lower by Rs 514, or 1.21%, to Rs 41,901 per kg in a business volume of 130 lots.
Traders said the fall in silver prices at futures trade was largely in line with a weak trend in precious metals in global markets and profit-booking by speculators at prevailing higher levels.
At the Multi Commodity Exchange, silver for delivery in July lost Rs 526, or 1.26%, to Rs 41,158 per kg on a business turnover of 1,548 lots.
Similarly, the white metal for delivery in far-month September was trading lower by Rs 514, or 1.21%, to Rs 41,901 per kg in a business volume of 130 lots.
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In the international market, silver slumped 1.94% to $17.15 an ounce in New York yesterday.
Traders said the fall in silver prices at futures trade was largely in line with a weak trend in precious metals in global markets and profit-booking by speculators at prevailing higher levels.