Precious Metals
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Tracking a weak global trend, silver prices moved down by 1.08 per cent to Rs 44,590 per kg in futures trade today as speculators partially offloaded positions.
At the Multi Commodity Exchange, silver for delivery in March 2014 moved down by Rs 487, or 1.08 per cent to Rs 44,590 per kg in business turnover of 537 lots.
Similarly, the white metal for delivery in current month declined by Rs 343, or 0.83 per cent, to Rs 43,468 per kg in 7 lots. Market analysts said speculators trimmed positions in tandem with a weak global trend, mainly weighed on the silver prices at futures trade.
Meanwhile, silver fell by 0.40 per cent to USD 19.61 an ounce in Singapore. It dropped to USD 18.90 yesterday, the lowest since July 8.
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