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Silver prices fell 0.18 per cent to Rs 50,865 per kg at the futures trade today as speculators trimmed their positions, taking weak cues from the global market amid a weak trend in the domestic spot market.
At the Multi Commodity Exchange, silver for delivery in May traded lower by Rs 90 or 0.18 per cent to Rs 50,865 per kg in a business turnover of 708 lots.
Similarly, the white metal for delivery in July declined by Rs 81 or 0.16 per cent to Rs 51,875 per kg in a business volume of 46 lots.
In the international market, the white metal traded 0.6 per cent lower at $26.80 an ounce in Singapore.
Market analysts said a weak trend prevailed in the global market as investors reduced their asset holdings amid optimism a global economic recovery will curb the demand for safe haven demand. The weak overseas trend led to a fall in silver prices at the futures trade here.
Besides, a weak trend in the domestic spot market also put pressure on silver prices.
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