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Silver down 0.1% on weak demand

In the international market, the metal traded 0.7% lower

Press Trust of India New Delhi
Silver prices fell by 0.14% to Rs 41,896 per kg in futures trade today as speculators trimmed positions amid weak cues from global markets.

At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 59, or 0.14%, to Rs 41,896 per kg in a business turnover of 1,285 lots.

Similarly, the white metal for delivery in December declined by Rs 44, or 0.10%, to Rs 42,649 per kg in a business volume of 126 lots.

In the international market, silver traded 0.7% lower at $19.30 an ounce in Singapore, the lowest since June 12.

Market analysts attributed the fall in silver prices at futures trade to offloading of positions by speculators amid weak cues from overseas markets.
 

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First Published: Aug 25 2014 | 1:44 PM IST

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