Silver falls by Rs 134 on profit-booking, global cues

NEW DELHI, June 18: Silver prices dropped by Rs 134 per kg to Rs 40,065 per kg in futures trade today as speculators locked-in gains at prevailing levels amid a weak trend in global markets.

Silver for delivery in July was trading lower by Rs 134, or 0.33 per cent, at Rs 40,065 per kg, in a business turnover of 1,043 lots at the Multi Commodity Exchange.

Similarly, the metal for delivery in September declined by Rs 116, or 0.28 per cent, to Rs 40,797 per kg, in a business of 162 lots.

In the international market, silver shed 0.27 per cent to USD 16.49 an ounce in Singapore.

Analysts attributed the fall in silver in futures trade to profit-booking and a weak trajectory in global markets. (PTI)

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