Silver futures down on global cues

January 6, 2014

New Delhi-India (Jan 6)  Amid a weak trend in the global markets, silver futures moved down by Rs 105 to Rs 45,370 per kg today as speculators offloaded positions.

At the Multi Commodity Exchange, March silver moved down by Rs 105, or 0.23%, to Rs 45,370 per kg, with a business turnover of 463 lots.

The May delivery traded lower by Rs 74, or 0.16%, to Rs 46,370 per kg, with a business turnover of six lots.

Marketmen said offloading of positions by speculators, triggered by a weak global trend, mainly weighed on silver prices at futures trade.

Meanwhile, silver declined 0.40% to $20.07 an ounce in Singapore.

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