 "Silver futures falls by 0.3% on weak global cues")
Silver prices fell by Rs 111 at Rs 33,590 per kg in futures trade today as speculators lightened their positions amid weakening trend overseas.
Silver for delivery in December traded lower by Rs 111, or 0.33%, to Rs 33,590 per kg in a business turnover of 193 lots in futures trading at Multi Commodity Exchange (MCX).
On similar lines, the white metal for delivery in March 2016 was trading lower by Rs 98, or 0.29%, at Rs 34,272 per kg with a business turnover of 89 lots.
Market analysts said a weak trend in precious metals in global markets on strengthening dollar amid expectations of a rate hike by the US Federal Reserve next month, eroding demand for the precious metals, kept pressure on silver futures here.
Silver for delivery in December traded lower by Rs 111, or 0.33%, to Rs 33,590 per kg in a business turnover of 193 lots in futures trading at Multi Commodity Exchange (MCX).
On similar lines, the white metal for delivery in March 2016 was trading lower by Rs 98, or 0.29%, at Rs 34,272 per kg with a business turnover of 89 lots.
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In the international market, silver traded a shade lower at $14.03 an ounce in Singapore.
Market analysts said a weak trend in precious metals in global markets on strengthening dollar amid expectations of a rate hike by the US Federal Reserve next month, eroding demand for the precious metals, kept pressure on silver futures here.