NEW DELHI, Apr 16: Tracking a weak trend overseas, silver prices fell by 0.23 per cent to Rs 42,190 per kg in futures trade today as speculators engaged in offloading positions.
At the Multi Commodity Exchange, silver for delivery in May lost Rs 99, or 0.23 per cent, to Rs 42,190 per kg, with a turnover of 435 lots.
Similarly, silver for delivery in July dropped by Rs 90, or 0.21 per cent, to Rs 42,940 per kg, in a business turnover of 23 lots.
Analysts said a weak trend in global markets on prospects for further cuts to the Federal Reserve’s stimulus programme as the US economy shows signs of recovery, influenced silver futures here.
Meanwhile, silver dropped 0.80 per cent to USD 19.46 an ounce, extending losses for the fourth straight day in Singapore. (PTI)
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