Silver futures decline to Rs 40,515 per kg

New Delhi-INDIA  (July 4) Silver prices fell 1.16 per cent to Rs 40,515 per kg at the futures trade today as speculators booked profits amid a weak trend in the global market.


On the Multi Commodity Exchange, silver prices for delivery in July traded lower by Rs 474 or 1.16 per cent to Rs 40,515 per kg in a business turnover of 18 lots.


Similarly, the white metal prices for delivery in September declined by Rs 420 or 1.01 per cent to Rs 41,111 per kg in a business volume of 1,148 lots.


In the international market, silver prices traded 0.15 per cent lower at $19.69 an ounce in Singapore.


Market analysts said apart from profit-booking by participants, a weak trend in the Asian region led to the fall in silver prices at the futures trade here.