Silver futures down 0.26% on global cues
Metal loses 0.5% in Singapore, as a recovering US economy curbs demand for precious metals as a haven
)
Silver prices fell by 0.26 per cent to Rs 43,800 per kg in futures trade today, tracking a weak trend in the global market.
At the Multi Commodity Exchange, silver for delivery in March fell by Rs 113, or 0.26 per cent, to Rs 43,800 per kg in business turnover of 342 lots.
May silver declined by Rs 97, or 0.22 per cent, to Rs 44,749 per kg in business volume of 3 lots.
Market analysts said a subdued trend in the global markets as US data showing a strengthening economy curbed demand for precious metals as a haven, attributed fall in silver prices at futures trade here.
In the international market, silver fell by 0.5 per cent to $19.37 an ounce in Singapore.
At the Multi Commodity Exchange, silver for delivery in March fell by Rs 113, or 0.26 per cent, to Rs 43,800 per kg in business turnover of 342 lots.
May silver declined by Rs 97, or 0.22 per cent, to Rs 44,749 per kg in business volume of 3 lots.
Market analysts said a subdued trend in the global markets as US data showing a strengthening economy curbed demand for precious metals as a haven, attributed fall in silver prices at futures trade here.
In the international market, silver fell by 0.5 per cent to $19.37 an ounce in Singapore.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 24 2013 | 12:05 PM IST