Silver futures down Rs 77 on profit-booking

Amid profit-booking by speculators, silver prices dropped by Rs 77 to Rs 43,125 per kg in futures trade today even as metal strengthened overseas.
Silver for delivery in July contract was trading lower by Rs 77 or 0.18 per cent at Rs 43,125 per kg in a business turnover of 835 lots in futures trading at Multi Commodity Exchange (MCX).
Also, the white metal for delivery in far-month September fell Rs 10, or 0.02 per cent, at Rs 43,960 per kg with a business turnover of 581 lots.
In the international market, silver traded 0.36 per cent higher at USD 18.33 an ounce in Singapore.

Market analysts said the fall in silver prices at futures trade was mostly attributed to profit-booking by speculators at prevailing levels but gains in metal overseas, limited the fall.