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Silver futures down 0.13 pc on global cues

Press Trust of India  |  New Delhi 

Amid a trend overseas,

silver prices fell Rs 52 to Rs 40,057 per kg in futures trade today as speculators reduced their holdings.

Silver for delivery in July traded lower by Rs 52, or 0.13 per cent, to Rs 40,057 per kg in a business turnover of 263 lots in futures trading at the (MCX).

On similar lines, the for delivery in September was trading lower by Rs 47, or 0.12 per cent, at Rs 40,642 per kg in a business turnover of 22 lots.

In the international market, silver traded 0.15 per cent lower at USD 16.39 an ounce in

Market analysts said a weak trend in precious metals in the global markets and trimming of positions by speculators at prevailing levels to book profits kept pressure on silver futures.

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

First Published: Fri, May 18 2018. 10:50 IST