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Silver prices fell 0.19 per cent to Rs 49,790 per kg at the futures trade today after speculators locked in gains even as the metal surged in the overseas market.
On the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 94 or 0.19 per cent to Rs 49,790 per kg in a business turnover of 335 lots.
Similarly, the white metal for delivery in March 2014 declined by Rs 38 or 0.07 per cent to Rs 51,155 per kg in a business volume of 2 lots.
In the international market, silver traded 0.3 per cent lower at $22.76 an ounce in Singapore.
Market analysts said that the fall in silver prices at the futures trade was mostly attributed to profit-booking by participants, but the metal’s gains overseas on speculation that the Federal Reserve may delay a reduction in stimulus until next year after weak US jobs report, capped the losses.
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