 "Silver futures drops by 0.3% on global cues")
Silver prices declined by Rs 119 to Rs 36,430 per kg in futures trade today as speculators booked profits amid a weak trend in global markets.
At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 119, or 0.33%, to Rs 36,430 per kg in a business turnover of 10 lots.
Similarly, the white metal prices for May contracts declined by Rs 91, or 0.25%, to Rs 35,881 per kg in a business volume of 619 lots.
Market analysts said apart from profit-booking by participants, a weak trend in global markets led to the fall in silver prices at futures trade here.
At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 119, or 0.33%, to Rs 36,430 per kg in a business turnover of 10 lots.
Similarly, the white metal prices for May contracts declined by Rs 91, or 0.25%, to Rs 35,881 per kg in a business volume of 619 lots.
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In the international market, silver prices fell by 0.9% to $15.76 an ounce in Singapore after dropping earlier to $15.73, the lowest level since January 5.
Market analysts said apart from profit-booking by participants, a weak trend in global markets led to the fall in silver prices at futures trade here.