ET:Silver futures fall 0.10 pc on profit-bookings, global cues
NEW DELHI: Silver prices fell by Rs 52 to Rs 53,460 per kg in futures trade today as speculators booked-profits at prevailing higher levels, driven by subdued demand in the spot market.
Weak trend in global markets also influenced the trading sentiment.
At the Multi Commodity Exchange, silver for delivery in September fell by Rs 52, or 0.10 per cent, to Rs 53,460 per kg, with a business turnover of 2,388 lots.
Similarly, the white metal for delivery in December shed Rs 38, or 0.07 per cent, to Rs 55,235 per kg in 85 lots.
Marketmen said speculators booked profits at prevailing higher levels and weak trend in overseas market mainly kept pressure on silver futures.
Meanwhile, silver fell 0.7 per cent to USD 27.95 an ounce in Singapore.
