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Silver falls by Rs 148 on weak global cues

Press Trust of India  |  New Delhi 

Taking weak cues from overseas markets, silver prices fell by Rs 148 to Rs 42,206 per kg in futures trade today as speculators trimmed their commitments.

At the Multi Commodity Exchange, silver for delivery in far-month July was trading lower by Rs 148, or 0.36 per cent, at Rs 41,206 per kg, in a business turnover of two lots.

Similarly, the white metal for delivery in May declined by Rs 129, or 0.32 per cent, to Rs 40,740 per kg, in a business volume of 490 lots.

In the international market, silver fell 0.46 per cent to USD 17.32 an ounce in today.

Traders said the fall in silver prices was largely in line with a weak trend in precious metals at global market.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 21 2017. 11:42 IST