Silver falls 0.55% on profit-booking, global cues

NEW DELHI, Oct 10: Silver prices fell by 0.55 per cent to Rs 38,402 per kg in futures trade today amidst profit-booking by speculators and a weak trend overseas.
At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 213, or 0.55 per cent, to Rs 38,402 per kg in a business turnover of 897 lots.
Similarly, the white metal for delivery in March declined by Rs 212, or 0.54 per cent, to Rs 39,080 per kg in a business volume of six lots.
In the international market, silver lost 0.50 per cent at USD 17.28 an ounce in Singapore.
Market analysts said apart from profit-booking by participants, a weak trend in precious metals in global markets, led to the fall in silver prices at futures trade here. (PTI)

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