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Silver down 0.17% on profit-booking, global cues

Metal for delivery in May traded lower by 0.16%

Press Trust of India New Delhi
Silver prices fell by 0.17% to Rs 36,253 per kg in futures trade today amid profit-booking by speculators and a weak global trend.

At the Multi Commodity Exchange, silver for delivery in March declined by Rs 61, or 0.17%, to Rs 36,253 per kg in a business turnover of 1,278 lots.

Similarly, the metal for delivery in May traded lower by Rs 57, or 0.16%, to Rs 36,610 per kg in 155 lots.

Market analysts said besides profit-booking by speculators at prevailing levels, a weak global trend mainly led to the decline in silver prices at futures trade.

Meanwhile, silver fell 0.06% to USD 16.26 an ounce in Singapore.
 

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First Published: Feb 23 2015 | 1:54 PM IST

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