Silver weakens in futures trade, down by Rs 142

Silver prices fell by Rs 142 to Rs 39,580 per kg in futures trade today as speculators cut down their bets to book profits amid weak global cues.

Silver for delivery in December was down by Rs 142 or 0.36 per cent to Rs 39,580 per kg in futures trade at the Multi Commodity Exchange. It clocked a business volume of 14 lots.

The white metal for delivery in September too fell by Rs 82 to trade at Rs 39,016 per kg in a business turnover of 14 lots.

Market analysts said profit-booking at prevailing levels and fresh losses in the white metal overseas mainly pulled down silver prices at futures trade here.

In the international market, silver traded 0.26 per cent lower at USD 16.97 an ounce in Singapore.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)