Thursday 21 June 2012

Silver futures prices today fell by Rs 567, or 1.04 per cent, to Rs 54,003 per kg as speculators booked profits amid a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in July was trading Rs 567, or 1.04 per cent, lower at Rs 54,003 per kg, with a turnover of 2,207 lots.

Similarly, silver for delivery in September dropped by Rs 572, or 1.02 per cent, to Rs 55,324 per kg, with a business turnover of 362 lots.

Analysts said besides profit-booking by speculators after recent gains, a weak trend overseas after Federal Reserve extended stimulus measure for six months to boost the flagging economy, put pressure on the silver futures prices here.                                                                                                                                     News bureau                                                                                                                                           

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