Silver down 0.3% on profit-booking, global cues
Metal for delivery in September declined by 0.25%
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Silver prices fell 0.32% to Rs 44,428 per kg in futures trade today as speculators booked profits amid a weak trend in global markets.
At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 142, or 0.32%, to Rs 44,428 per kg in a business turnover of 395 lots.
Similarly, the white metal for delivery in far-month September declined by Rs 113, or 0.25%, to Rs 44,799 per kg in a business volume of 55 lots.
In the international market, silver traded 0.40% lower at $20.79 an ounce in Singapore.
Market analysts said apart from profit-booking by participants, a weak trend in precious metals in the Asian region led to the fall in silver prices at futures trade here.
At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 142, or 0.32%, to Rs 44,428 per kg in a business turnover of 395 lots.
Similarly, the white metal for delivery in far-month September declined by Rs 113, or 0.25%, to Rs 44,799 per kg in a business volume of 55 lots.
In the international market, silver traded 0.40% lower at $20.79 an ounce in Singapore.
Market analysts said apart from profit-booking by participants, a weak trend in precious metals in the Asian region led to the fall in silver prices at futures trade here.
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First Published: Jun 23 2014 | 11:56 AM IST