NEW DELHI, Sept 13: Continuing its slide, silver prices fell by 0.56 per cent to trade at Rs 51,401 per kg in futures trade today as participants engaged in reducing their positions amid a weakening trend in the global markets.
At the Multi Commodity Exchange, silver for delivery in far-month March traded Rs 286, or 0.56 per cent, lower at Rs 51,401 per kg in a business turnover of 19 lots.
In a similar fashion, the white metal for delivery in December fell by Rs 265, or 0.49 per cent, to Rs 50,230 per kg in 1,248 lots.
Market analysts said offloading of positions by speculators following a weak trend overseas, before the US Federal Reserve meets to consider tapering its monthly asset purchases, put pressure on silver futures prices here.
Meanwhile, silver fell by 0.18 per cent to 21.70 dollar an ounce in Singapore today. (PTI)
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