NEW DELHI, May 16: Tracking a weak trend overseas, silver prices fell by 0.98 per cent to Rs 41,995 per kg in futures trade today as speculators engaged in off-loading positions.
At the Multi Commodity Exchange, silver for delivery in September lost Rs 415, or 0.98 per cent, to Rs 41,995 per kg, with a turnover of 83 lots.
Similarly, silver for delivery in July dropped by Rs 412, or 0.96 per cent, to Rs 41,315 per kg, in a business turnover of 1,632 lots.
Marketmen said the fall in silver futures was mostly due to a weakening trend in global markets.
Meanwhile, in New York, silver dropped 1.44 per cent to USD 19.45 an ounce. (PTI)
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