Silver weakens in futures trade, down Rs 55

Amid profit-booking by speculators at current levels, silver prices fell by Rs 55, to Rs 36,640 per kg in futures trade Tuesday. However, a firming trend overseas, restricted the losses. At the Multi Commodity Exchange, silver for delivery in December traded Rs 55, or 0.15 per cent down at Rs 36,640 per kg. It clocked a business volume of 286 lots.

The white metal to be delivered in November was down by Rs 51, or 0.14 per cent, at Rs 36,675 per kg in 493 lots. In the international market, silver rose 0.57 per cent to $14.17 an ounce in Singapore. Marketmen said profit-booking at prevailing levels led to the fall in silver prices at futures trade here.