Silver prices fall by Rs 16 per kg on profit-booking

Source:- moneycontrol.com

SilverĀ prices fell by Rs 16 to Rs 36,525 per kg in futures trade on June 11 amid profit-booking by speculators.

At the Multi Commodity Exchange, silver contracts for July delivery dipped by Rs 16, or 0.58 percent, to Rs 36,525 per kg, clocking a business volume of 23,663 lots.

The white metal contracts for September delivery also traded lower by Rs 86, or 0.23 percent, to Rs 36,969 per kg in 6,106 lots.

Marketmen said profit-booking at prevailing levels led to the fall in silver prices at futures trade.

In the international market, silver rose 0.04 percent to $14.65 an ounce in New York.