Silver futures down 0.6% on profit-booking; global cues

Amid profit-booking by speculators and a weak trend overseas, silver prices fell by 0.59% to Rs 42,067 per kg in futures trade today.

 

At the Multi Commodity Exchange, silver prices for delivery in far-month December traded lower by Rs 251, or 0.59%, to Rs 42,067 per kg in business turnover of 31 lots.

 

Similarly, the white metal prices for delivery in September declined by Rs 241, or 0.58%, to Rs 41,279 per kg in business volume of 862 lots.

 

In international market, silver prices traded 1.10% lower at $19.64 an ounce in Singapore.

 

Market analysts said apart from profit-booking by participants, a weak trend in Asian region, led to the fall in silver prices at futures trade here.