Silver futures down by 0.34 pc on Asian cues

October 8, 2013

New Delhi-INDIA  (Oct 8)  Amid a weak trend in the Asian region, silver prices fell by Rs 167, or 0.34 per cent, to trade at Rs 49,463 per kg in futures trade today as speculators reduced positions.

At the Multi Commodity Exchange, silver for delivery in December contract traded Rs 167, or 0.34 per cent, lower at Rs 49,463 per kg in business turnover of 884 lots.

In a similar fashion, the white metal for delivery in far-month March fell by Rs 174, or 0.34 per cent lower, at Rs 50,601 per kg in four lots.

Market analysts said the fall in silver prices at futures trade was mostly in tandem with subdued trend in the Asian region and profit booking by speculators.
Meanwhile, silver fell by 0.18 per cent to USD 22.31 an ounce in Singapore.

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