Silver futures fall by 0.2% on global cues

New Delhi-India (Jan 12)  Silver prices retreated by Rs 58 to Rs 34,045 per kg in futures trade today as speculators trimmed their exposure, tracking a weak trend overseas.

 At Multi Commodity Exchange, silver prices for delivery in far-month May contracts was trading Rs 58 or 0.17% lower at Rs 34,045 per kg in a business turnover of 10 lots.

 Similarly, the white metal prices for delivery in March contract shed Rs 42 or 0.12% to Rs 33,622 per kg in a business volume of 435 lots.

 In the international market, silver traded 0.13% down at $13.82 an ounce in Singapore.

 Analysts attributed the fall in silver prices in futures trade to a weak trend in global markets and profit-booking by speculators at existing levels.

Source: Business-Standard