 "Silver futures down by 0.5% on weak global cues")
Amid a weakening trend overseas, silver prices fell Rs 171 to Rs 36,333 per kg in futures trade today as speculators cut down their bets.
Silver for delivery in far-month May was trading lower by Rs 171, or 0.47%, to Rs 36,333 per kg in a business turnover of 288 lots in futures trading at the Multi Commodity Exchange (MCX).
On similar lines, the white metal for delivery this month was down by Rs 144, or 0.40%, at Rs 35,907 per kg with a business turnover of five lots.
In the international market, silver traded 0.07% lower at $14.92 an ounce in Singapore.
Market analysts said a weak trend in precious metals in global markets as stocks extended gains and the US posted better-than-expected jobs data, eroded appeal of the precious metals as an alternative investment, mainly weighed on silver futures here.
Silver for delivery in far-month May was trading lower by Rs 171, or 0.47%, to Rs 36,333 per kg in a business turnover of 288 lots in futures trading at the Multi Commodity Exchange (MCX).
Read more from our special coverage on "SILVER PRICES"
On similar lines, the white metal for delivery this month was down by Rs 144, or 0.40%, at Rs 35,907 per kg with a business turnover of five lots.
In the international market, silver traded 0.07% lower at $14.92 an ounce in Singapore.
Market analysts said a weak trend in precious metals in global markets as stocks extended gains and the US posted better-than-expected jobs data, eroded appeal of the precious metals as an alternative investment, mainly weighed on silver futures here.
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