Silver futures fall by Rs 418 on weak global cues

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Silver prices fell by Rs 418 to Rs 45,099 per kg in futures trade on September 30 as investors reduced their positions amid subdued overseas trend.

Silver contracts for December delivery traded lower by Rs 418, or 0.92 percent, to Rs 45,099 per kg in a business turnover of 2,961 lots on the Multi Commodity Exchange (MCX).

The white metal for delivery in March next year fell by Rs 452, or 0.98 percent, to Rs 45,902 per kg in a business turnover of 73 lots.

In the international market, silver traded lower by 1.03 percent at $17.47 an ounce on COMEX.

Marketmen said weak trend in precious metals overseas and trimming of positions by speculators at prevailing levels mainly put pressure on silver futures.Special Thursday Expiry on 7th Nov
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