Silver futures down Rs 163 on weak global cues, profit-booking

Amid a weakening trend overseas, silver fell Rs 163 to Rs 39,650 per kg in futures trade today as speculators trimmed positions.
Silver for delivery in July traded lower by Rs 163, or 0.41 per cent, to Rs 39,650 per kg in a business turnover of 482 lots in futures trading at Multi Commodity Exchange (MCX).
On similar lines, the white metal for delivery in September was trading lower by Rs 122, or 0.30 per cent, at Rs 40,135 per kg in a business turnover of 11 lots.
In international market, silver traded 0.58 per cent lower at USD 17.17 an ounce in Singapore today.

Market analysts said, a weak trend in precious metals in global markets and trimming of positions by speculators at prevailing levels, kept pressure on silver futures.