Silver futures down at Rs 44,233 per kg

November 25, 2013
New Delhi-India  (Nov 25)  Silver prices fell 0.7 per cent to Rs 44,233 per kg at the futures trade today on weak global cues amid subdued domestic demand.

On the Multi Commodity Exchange, silver for delivery in December fell Rs 314 or 0.7 per cent to Rs 44,233 per kg in a business turnover of 274 lots.

In a similar fashion, the white metal for delivery in March 2014 fell Rs 319 or 0.69 per cent to Rs 45,685 per kg in a business volume of 21 lots.

Market analysts said besides weak demand at the domestic spot market, a subdued trend in the global market, as the accord between Iran and world powers dampened the demand for safe haven assets, attributed to the fall in silver prices at the futures trade here.

Besides, holdings in exchange-traded products extended their decline.

In the international market, silver fell 0.5 per cent to trade at over 15-week low of $19.78 an ounce in Singapore.

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