Silver futures down on global cues

NEW DELHI, May 27: Amid a weakening trend overseas, silver prices fell 0.38 per cent to Rs 41,025 per kg in futures trade today as speculators trimmed positions.

At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 158, or 0.38 per cent, to Rs 41,025 per kg in business turnover of 530 lots.

Similarly, the white metal for delivery in September declined by Rs 143, or 0.35 per cent, to Rs 41,080 per kg in business volume of 20 lots.

In the international market, silver traded 0.20 per cent lower at USD 19.39 an ounce in Singapore.

Market analysts said a weak trend in precious metals in the global markets, weighed on silver futures here. (PTI)

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