By Dayafter Bureau, Agencies
Silver prices dropped by Rs 113 to Rs 42,331 per kg in futures trade today as participants cut down their bets amid a weak trend overseas. Globally, silver fell 0.68 per cent to USD 18.13 an ounce in New York yesterday.
At the Multi Commodity Exchange, silver for delivery in far-month July was trading lower by Rs 113, or 0.27 per cent, to Rs 42,331 per kg, in a business turnover of 115 lots.
Similarly, the white metal for delivery in May month declined by Rs 89, or 0.31 per cent, to Rs 41,809 per kg in a business volume of 557 lots.
Traders attributed the fall in silver prices at futures trade to a weak trend in precious metals in global markets and profit-booking by speculators