 "Silver futures down 1.3% on weak global cues")
Taking weak cues from overseas markets, silver prices plunged by 1.28% to Rs 36,771 per kg in futures trading today, as participants cut down their bets.
Also, profit-booking at prevailing levels by speculators weighed on silver prices.
At the Multi Commodity Exchange, silver for delivery in March dropped by Rs 477, or 1.28%, to Rs 36,771 per kg, in a business turnover of 1,234 lots.
Traders said offloading of positions by participants due to a weak global trend mainly led to the fall in silver prices at futures trade.
Globally, silver shed 0.10% to $15.22 an ounce in Singapore.
Also, profit-booking at prevailing levels by speculators weighed on silver prices.
At the Multi Commodity Exchange, silver for delivery in March dropped by Rs 477, or 1.28%, to Rs 36,771 per kg, in a business turnover of 1,234 lots.
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Similarly, the white metal for delivery in far-month May traded lower by Rs 397, or 1.06%, to Rs 37,203 per kg in 46 lots.
Traders said offloading of positions by participants due to a weak global trend mainly led to the fall in silver prices at futures trade.
Globally, silver shed 0.10% to $15.22 an ounce in Singapore.
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