Silver futures down on weak global trend, profit-booking

Amid a weak trend in overseas markets and profit-booking by speculators, silver prices fell by 0.31% to Rs 55,222 per kg in futures trade today.

At the Multi Commodity Exchange, May silver fell by Rs 475, or 0.31% to Rs 55,222 per kg in business turnover of 3,468 lots.

The July delivery declined by Rs 173, or 0.31%, to Rs 57,069 per kg in 337 lots.

Meanwhile, silver fell by 0.04% to $30.79 an ounce in Singapore.