Silver price down 0.3% on overseas cues

New Delhi-Inida (Jun 11)  Silver prices traded lower by Rs 119 to Rs 37,150 per kg in futures trade today amid a weak global trend.

 At Multi Commodity Exchange, silver for delivery in October month fell by Rs 119, or 0.32 per cent to Rs 37,150 per kg in business turnover of 80 lots.

 On similar lines, the white metal for delivery in July contracts traded lower by Rs 101, or 0.27 per cent to Rs 36,632 per kg in 3,106 lots.

 Market analysts said offloading of positions by speculators in line with a weak global trend mainly dragged down silver prices in futures trade.

 Globally, silver declined by 0.53 per cent to USD 15.92 an ounce in Singapore.

Source: BusinessStandard