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Silver futures down 0.17% on profit-booking

Weak trend overseas also pulls down prices

Press Trust of India New Delhi
Silver prices fell 0.17% to Rs 47,007 per kg in futures trade today amid profit-booking by speculators and a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 78, or 0.17%, to Rs 47,007 per kg in a business turnover of five lots.

Similarly, the white metal for delivery in September eased by Rs 61, or 0.15%, to Rs 46,171 per kg in a business volume of 272 lots.

In the international market, silver prices traded lower by 0.16% at $21.38 an ounce in Singapore.

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.
 

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First Published: Jul 11 2014 | 11:29 AM IST

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