Silver futures down Rs 118 per kg on weak global cues

Analysts say a weak trend in precious metals in the Asian region led to the fall in silver prices in futures trade here

Tracking a weak trend overseas coupled with speculator's profit bookinh, silver prices were down by Rs 118 to Rs 36,472 per kg in futures trade Monday

In futures trading, silver for delivery in far-month May lost Rs 118 or 0.32% to trade at Rs 36,472 per kg in a business turnover of 928 lots.

Similarly, the white metal for delivery in March declined by Rs 115 or 0.32% to Rs 36,135 per kg in a business volume of 1,071 lots.

In Singapore, silver traded 0.17% lower at $14.65 an ounce.

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 in futures trade here.