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Silver futures down 0.2% on global cues

Silver for delivery in September declined by 0.24%.

Press Trust of India New Delhi
Amid a weakening trend overseas, silver prices fell by 0.25% to Rs 43,503 per kg in futures trade today as speculators trimmed positions.
    
At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 108, or 0.25%, to Rs 43,503 per kg in business turnover of 2,370 lots.
    
Similarly, silver for delivery in September declined by Rs 107, or 0.24%, to Rs 44,120 per kg in business volume of 85 lots.
    
In the international market, silver traded 0.32% lower at $21.61 an ounce in Singapore.
    
Market analysts said a weak trend in precious metals in the global markets on speculation central banks will refrain from adding more stimulus to bolster global growth, weighed on silver futures here.
 

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First Published: Jun 12 2013 | 1:21 PM IST

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