Silver prices fall by 0.74% on profit-booking, global cues

New Delhi: Silver prices fell by 0.74 per cent to Rs 45,727 per kg in futures trade on Monday amidst profit booking by speculators and a weak trend overseas.    

At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 341, or 0.74 per cent, to Rs 45,727 per kg in a business turnover of 753 lots. Similarly, the white metal for delivery in December declined by Rs 356, or 0.72 per cent, to Rs 46,581 per kg in a business volume of 33 lots.    

In the international market, silver traded lower at USD 21.43 an ounce in Singapore from USD 21.44 on July 11. Market analysts said apart from profit booking by participants, a weak trend in global markets led to the fall in silver prices at futures trade here.