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Silver falls 0.55% on profit-booking

A weak trend in precious metals in global markets also affected prices

Press Trust of India New Delhi
Silver prices fell by 0.55% to Rs 38,402 per kg in futures trade today amidst profit-booking by speculators and a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 213, or 0.55%, to Rs 38,402 per kg in a business turnover of 897 lots.

Similarly, the white metal for delivery in March declined by Rs 212, or 0.54%, to Rs 39,080 per kg in a business volume of six lots.

In the international market, silver lost 0.50% at $17.28 an ounce in Singapore.

Market analysts said apart from profit-booking by participants, a weak trend in precious metals in global markets, led to the fall in silver prices at futures trade here.
 

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First Published: Oct 10 2014 | 11:25 AM IST

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