Silver futures prices fell Rs 488 or 0.92 per cent to Rs 52,282 per kg today, after participants reduced their positions amid a weak trend in the global market.
At the Multi Commodity Exchange, silver for delivery in March fell Rs 488 or 0.92 per cent to Rs 52,282 per kg with a business turnover of 3,626 lots. Similarly, May contract also lost Rs 472 or 0.88 per cent to Rs 53,378 per kg with a business volume of 183 lots.
Market analysts attributed the fall in silver prices at the futures trade to a subdued trend in the overseas markets, as signs that Europe’s debt crisis was easing trimmed the demand for the metal.
Meanwhile, silver fell 0.6 per cent to $30.09 an ounce in the early trade in Singapore today.
