Silver falls 0.1% on global cues

Metal for delivery in December declined by 0.07%

Silver prices were marginally down by 0.08% to Rs 44,391 per kg in futures trade today as speculators trimmed positions amidst a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 36, or 0.08%, to Rs 44,391 per kg in a business turnover of 256 lots.

Similarly, the white metal for delivery in December declined by Rs 30, or 0.07%, to Rs 45,160 per kg in a business volume of five lots.

In the international market, silver fell by 0.40% to USD 20.25 an ounce in Singapore, the lowest since June 19.
 
Market analysts said offloading of positions by speculators, triggered by a weak trend in global markets, led to the fall in silver prices at futures trade here.