Silver futures down 0.91 pc on global cues

NEW DELHI, Mar 10: Amid a weak trend in global markets, silver prices fell by 0.48 per cent to Rs 45,785 per kg in futures trade today, as speculators trimmed their positions.
At the Multi Commodity Exchange, silver for delivery in May fell by Rs 420, or 0.91 per cent, to Rs 45,785 per kg in business turnover of 814 lots.
Also, the white metal for delivery in far-month July delivery contracts declined by Rs 405, or 0.86 per cent, to Rs 46,732 per kg in business volume of 18 lots.
Market analysts said a subdued trend in the global markets as US jobs data backed the case for the Federal Reserve to keep on reducing stimulus, mainly weighed on silver futures here.
In the international market, silver fell as much as 1.6 per cent to USD 20.61 an ounce, the lowest since February 14, in Singapore. (AGENCIES)