NEW DELHI, Oct 23: Silver prices fell 0.19 per cent to Rs 49,790 per kg in futures trade today after speculators locked in gains even as metal surged in the overseas markets.
At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 94, or 0.19 per cent, to Rs 49,790 per kg in business turnover of 335 lots.
Similarly, the white metal for delivery in March 2014 contracts declined by Rs 38, or 0.07 per cent, to Rs 51,155 per kg in business volume of 2 lots.
In the international market, silver traded 0.3 per cent lower at USD 22.76 an ounce in Singapore.
Market analysts said the fall in silver prices at futures trade was mostly attributed to profit-booking by participants but metal’s gain overseas on speculation that the Federal Reserve may delay a reduction in stimulus until next year after weak US jobs report, capped the losses. (PTI)
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