NEW DELHI, May 12: Tracking a weak trend overseas, silver prices fell by 0.13 per cent to Rs 42,170 per kg in futures trade today as speculators engaged in off-loading positions.
At the Multi Commodity Exchange, silver for delivery in far-month September contracts lost Rs 54, or 0.13 per cent, to Rs 42,170 per kg, with a turnover of six lots.
Similarly, silver for delivery in July month dropped by Rs 32, or 0.08 per cent, to Rs 41,421 per kg, in a business turnover of 304 lots.
Marketmen said a weak trend in global markets on speculation that the US Federal Reserve will press on with reducing monetary stimulus, put pressure on silver futures here.
Meanwhile, in Singapore, silver dropped 0.60 per cent to USD 19.05 an ounce. (PTI)
Follow our WhatsApp channel