Silver futures fall by Rs 139 per kg on global cues

Silver prices fell by Rs 139 to Rs 39,940 per kg in futures trade today due to weak global trends.
At the Multi Commodity Exchange, the March contract of silver fell by Rs 139, or 0.35 per cent, to Rs 39,740 per kg in business turnover of 8,583 lots.
The far-month May contract of the metal declined by Rs 129, or 0.32 per cent, to Rs 40,600 per kg in business volume of 89 lots.
Fall in silver prices was mostly in tune with a weak trend in global markets, analysts said.
In the international market, silver fell 0.46 per cent to USD 18.22 an ounce in London.

At spot markets here, silver was trading at Rs 40,100 per kg, up by Rs 400 over yesterday, on increased offtake by industrial units and coin makers.