Silver futures down 0.2% on lower global trend

October 25, 2013

New Delhi-India (Oct 25) racking a weak global trend, silver prices moved down by 0.25% to Rs 49,982 per kg in futures trade today as speculators partially offloaded positions.

At the Multi Commodity Exchange, silver for delivery in December moved down by Rs 125, or 0.25%, to Rs 49,982 per kg in business turnover of 1,409 lots.

Similarly, the white metal for delivery in far-month March last year declined by Rs 110, or 0.21%, to Rs 51,418 per kg in 14 lots.

Market analysts said speculators trimmed positions in tandem with a weak global trend mainly weighed on the silver prices in futures trade.

Meanwhile, silver fell by 0.75% to $22.55 an ounce in Singapore.

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