Silver futures down 0.35 pc on global cues

NEW DELHI, Feb 26: Silver prices fell by 0.35 per cent to Rs 47,650 per kg in futures trade today as participants indulged in reducing exposures, taking weak cues from the global market.
At the Multi Commodity Exchange, silver for delivery in March fell by Rs 167, or 0.35 per cent, to Rs 47,650 per kg in business turnover of 915 lots.
Similarly, the white metal for delivery in May declined by Rs 163, or 0.33 per cent, to Rs 48,606 per kg in business volume of 347 lots.
Market analysts said a subdued trend in the precious metals overseas due to weaker physical demand at prevailing higher levels, attributed fall in silver prices at futures trade here.
In the international market, silver eased to USD 21.84 an ounce from USD 21.86 in Singapore. (PTI)