Silver futures fall 0.46 per cent on weak global cues

NEW DELHI: Silver prices fell by 0.46 per cent to Rs 44,818 per kg in futures market today as speculators reduced positions on weak cues from global markets.

At the Multi Commodity Exchange, silver for delivery in March fell by Rs 206, or 0.46 per cent, to Rs 44,818 per kg in a business turnover of 1,984 lots.

In a similar fashion, the white metal for delivery in May lost Rs 112, or 0.24 per cent, to Rs 45,899 per kg in 46 lots.

Market analysts said speculators reduced their positions on weak cues from the global market which kept pressure on silver prices at futures trade.

Meanwhile, silver dropped 0.6 per cent to $20.20 an ounce in Singapore.