Silver down 0.2% on profit-booking, global cues

NEW DELHI-INDIA (Aug 14)  Taking weak cues from the global market and profit-booking by speculators, silver futures prices today fell by 0.24% to Rs 46,156 per kg.

At the Multi Commodity Exchange, silver prices for delivery in September fell by Rs 112, or 0.24%, to Rs 46,156 per kg in business turnover of 1,551 lots.

Similarly, silver prices for delivery in December shed Rs 100, or 0.21%, at Rs 47,402 per kg in 75 lots.

Analysts said a weak trend in the precious metals overseas and profit-booking at current levels by speculators, mainly weighed on silver prices at futures trade here.

Meanwhile, silver shed 0.23% to $21.41 an ounce in Singapore today.