ET:Silver futures slide 0.67 pc on weak global trend
NEW DELHI: Tracking a weak global trend, silver futures prices today fell by 0.67 per cent to Rs 40,775 per kg as speculators reduced exposures.
At the Multi Commodity Exchange, silver prices for delivery in September fell by Rs 275, or 0.67 per cent, to Rs 40,775 per kg in business turnover of 2,337 lots.
Similarly, the white metal prices for delivery in far-month December lost Rs 273, or 0.65 per cent, at Rs 41,600 per kg in 81 lots.
Analysts said a weak trend in the precious metals overseas on speculation that US Federal Reserve may scale back stimulus, with data due this week on growth and employment as central bank policy makers meet to assess the recovery, mainly pulled down silver prices at futures trade.
Meanwhile, silver shed 0.50 per cent to USD 19.90 an ounce in Singapore today.
