Silver futures down 0.26 pct on global cues

December 24, 2013

New Delhi-India (Dec 24)   Silver prices fell by 0.26 per cent to Rs 43,800 per kg in futures trade today, tracking a weak trend in
the global market. At the Multi Commodity Exchange, silver for delivery in March fell by Rs 113, or 0.26 per cent, to Rs 43,800 per kg in business\ turnover of 342 lots.

Similarly, the white metal for delivery in May declined by Rs 97, or 0.22 per cent, to Rs 44,749 per kg in business volume of 3 lots.

Market analysts said a subdued trend in the global markets as US data showing a strengthening economy curbed demand for the precious metals
as a haven, attributed fall in silver prices at futures trade here.

In the international market, silver fell by 0.5 per cent to $19.37 an ounce in Singapore.

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