Silver futures down 0.9% on weak global trend

Profit-booking at current levels by speculators also affected the prices

Taking weak cues from the global market and profit-booking by speculators, silver futures prices today fell by 0.87%, to Rs 41,821 per kg.

 

At the Multi Commodity Exchange, silver prices for delivery in December fell by Rs 379, or 0.87%, to Rs 41,821 per kg in business turnover of 65 lots.

 

Similarly, the white metal prices for delivery in September lost Rs 357, or 0.86%, at Rs 41,050 per kg in 2,764 lots.

 

Analysts said a weak trend in the precious metals overseas and profit-booking at current levels by speculators, mainly weighed on silver prices at futures trade here.

 

 

Meanwhile, silver shed 0.91% to $19.63 an ounce in New York yesterday.