NEW DELHI, May 25: Silver prices fell by Rs 168 to Rs 38,760 per kg in futures trade today as speculators reduced their positions amid a weak global trend.
In futures trading at the Multi Commodity Exchange, silver for delivery in far-month July was trading Rs 168 lower, or 0.47 per cent, at Rs 38,760 per kg in a business turnover of 565 lots.
Also, the metal for delivery in September fell by Rs 41, or 0.10 per cent, to Rs 39,454 per kg in 22 lots.
Analysts said besides profit-booking by speculators, weak global trend, as prospects for the first US interest rate rise since 2006, helped in pushing the US dollar to a one-month high and reduced demand for the precious metals as an alternative investment.
Meanwhile, silver retreated 0.2 per cent to USD 17.07 an ounce in Singapore. (PTI)
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