NEW DELHI, July 21: Silver prices were down by 0.36 per cent to Rs 34,022 per kg in futures trade today largely in tune with a weakening trend overseas as strong dollar eroded demand for the precious metals.
At the Multi Commodity Exchange, silver for delivery in September remained under pressure and lost another Rs 123 or 0.36 per cent to Rs 34,022 per kg in a business turnover of 462
lots.
Similarly, the white metal for delivery in far-month December was trading Rs 115 or 0.33 per cent, down at Rs 34,795 per kg in three lots.
Analysts said sustained offloading of positions by participants in line with a weak global trend where precious metals weakened as strong dollar and the prospects of rising US interest rates led to fall in silver prices at futures trade here.
Meanwhile, silver fell by another 1.15 per cent to USD 14.67 an ounce in New York yesterday. (PTI)
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