MCX Silver futures down by 1.1% to Rs 37,987 per kg

MCX Silver futures down on futures trade on Monday as speculators reduced their exposures amid a
weakening trend overseas.

A data report showed that US personal spending rose for the first time in three months in February, while individual income exceeded expectations.

Silver futures delivery in May traded down by Rs 408, or 1.06%, to Rs 37,987 per kg at the Multi Commodity Exchange.

In the national capital, silver ready fell by Rs 550 to Rs 38,000 per kg and weekly-based delivery by Rs 330 to Rs 37,990 per kg. Prices of silver coins dropped Rs 1,000 to Rs 56,000 for buying and Rs 57,000 for selling of 100 pieces.

Elsewhere on the Comex, silver futures delivery in May dipped 35.9 cents, or 2.1%, to trade at $16.71 a troy ounce.