Silver price falls by Rs 92 per kg

New Delhi-India (Apr 5)  Silver prices dropped by Rs 92 to Rs 38,120 per kg at the futures trade as participants cut down their bets owing to weak global cues. Profit-booking at prevailing levels by speculators also weighed on silver prices.

At the Multi Commodity Exchange, silver for delivery in May was trading lower by Rs 92 or 0.24 per cent at Rs 38,120 per kg in a business turnover of 646 lots. Similarly, the white metal for delivery in far-month July declined by Rs 86 or 0.22 per cent to Rs 38,708 per kg in a business volume of 30 lots.

In the international market, silver fell 0.28 per cent to $16.25 an ounce in Singapore. Traders attributed the fall in silver prices at the futures trade to a weak trend in precious metals in global markets and profit-booking by speculators.

BusinessLine

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