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Silver Futures Drop Rs 3,576 Per Kg on Profit Booking

Weak global cues and selling pressure by traders drag silver prices lower in futures trade.

Silver prices on Tuesday fell by Rs 3,576 to Rs 2,17,597 per kilogram in futures trade as participants reduced their bets.On the Multi Commodity Exchange, silver contracts for September delivery declined by Rs 3,576, or 1.62 per cent, to Rs 2,17,597 per kg in a business turnover of 1,716 lots.

Analysts said a sell-off by participants mainly weighed on silver prices. Globally, the white metal was trading 1.95 per cent down at USD 57.22 per ounce in New York.
( Source : PTI )
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