Silver futures plunge 1.09% on global cues

NEW DELHI, Nov 3:  Silver prices fell over one per cent to Rs 36,124 per kg in futures trade today as speculators engaged in off-loading positions.
At the Multi Commodity Exchange, silver for delivery in March next year lost Rs 398, or 1.09 per cent, to Rs 36,124 per kg, with a turnover of 50 lots.
Similarly, silver for delivery in December dropped by Rs 372, or 1.04 per cent, to Rs 35,425 per kg, in a business turnover of 1,361 lots.
Marketmen said a weak trend in global markets after the US Federal Reserve ended asset purchases, mainly put pressure on silver futures here.
Meanwhile, in Singapore, silver dropped to USD 15.77 an ounce, the lowest price since February 2010. (PTI)

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