Silver futures down 0.34% on profit-booking, global cues

Silver prices moved down by 0.34 per cent to Rs 39,140 per kg in futures trading today amid profit booking by speculators and weak global markets.
At the Multi Commodity Exchange, silver for delivery in far-month July drifted down by Rs 135, or 0.34 per cent to Rs 39,140 per kg in business turnover of 5 lots.
Similarly, the white metal for delivery in May contracts declined by Rs 122, or 0.31 per cent to Rs 38,637 per kg in 282 lots.
Analysts said offloading of positions by participants to book profits and a weak trend overseas led to the fall in silver prices at futures trade.

Globally, silver fell 0.43 per cent to USD 16.39 an ounce in Singapore.