Silver down 0.3%
Metal for delivery in May declined by 0.31%
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Silver prices moved down by 0.36% to Rs 43,963 per kg in futures trade today as speculators booked profits even as the precious metals rose in the global market.
At the Multi Commodity Exchange, silver for delivery in March moved down by Rs 161, or 0.36%, to Rs 43,963 per kg in a business turnover of 855 lots.
Similarly, the white metal for delivery in May declined by Rs 138, or 0.31%, to Rs 44,950 per kg in 14 lots.
Market analysts said profit-booking by speculators mainly put pressure on silver prices at futures trade but gains in gold and silver in the overseas market, restricted the fall.
Meanwhile, silver gained 0.40% to $19.65 an ounce in Singapore today.
At the Multi Commodity Exchange, silver for delivery in March moved down by Rs 161, or 0.36%, to Rs 43,963 per kg in a business turnover of 855 lots.
Similarly, the white metal for delivery in May declined by Rs 138, or 0.31%, to Rs 44,950 per kg in 14 lots.
Market analysts said profit-booking by speculators mainly put pressure on silver prices at futures trade but gains in gold and silver in the overseas market, restricted the fall.
Meanwhile, silver gained 0.40% to $19.65 an ounce in Singapore today.
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First Published: Jan 10 2014 | 1:10 PM IST