NEW DELHI, Mar 18: Silver prices fell by 0.90 per cent to Rs 46,321 per kg in futures trade today as participants trimmed their positions, tracking a weakening trend in precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in May contracts fell by Rs 420, or 0.90 per cent, to Rs 46,321 per kg in business turnover of 1,167 lots.
Similarly, the white metal for delivery in far-month July declined by Rs 419, or 0.88 per cent, to Rs 47,221 per kg in business volume of 27 lots.
Market analysts attributed fall in silver prices at futures trade to off-loading of positions by speculators as better-than-estimated US factory production data curbed safe-haven demand before the Federal Reserve meeting today.
In the international market, silver fel by 1 per cent to USD 20.97 an ounce in Singapore. (AGENCIES)
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