ET: Silver futures fall on reduced offtake, global cues
NEW DELHI: Silver prices fell by Rs 305 to Rs 27,941 per kg in futures market Tuesday on reduced offtake at existing higher levels amid weakening global trend.
At the Multi Commodity Exchange, silver for September contract fell by Rs 305, or 1.08 percent to Rs 27,941 per kg with an open interest of 149 lots.
Similarly, the metal for delivery in May fell by Rs 270, or 0.97 percent to Rs 27,577 per kg in turnover of 14,368 lots.
Fall in silver futures was mostly attributed to reduced offtake at existing higher levels amid weakening global trend, traders said.
Meanwhile, silver fell 0.6 per cent to 18.13 dollar an ounce in London.
