NEW DELHI, Oct 31: Silver futures dropped 0.66 per cent to Rs 36,331 per kg today as speculators reduced their exposures amid a weak global trend.
At the Multi Commodity Exchange, silver for delivery in December drifted by Rs 243, or 0.66 per cent, to Rs 36,331 per kg in a business turnover of 1,258 lots.
On similar lines, silver for delivery in March next year fell by Rs 243, or 0.65 per cent, to Rs 37,055 per kg in 24 lots.
Analysts said a weak trend in precious metals overseas as the US Federal Reserve ended its asset-purchase programme amid signs of an improving economy, eroding demand for the precious metals, mainly pulled down silver prices at futures trade here.
Meanwhile, silver lost 2.07 per cent to USD 16.12 an ounce in Singapore today, the lowest since February 2010. (PTI)
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