Silver down on global cues

Similarly,silver for delivery in December dropped by Rs 503,or 0.83 per cent,to Rs 60,100 per kg,with a business turnover of 133 lots.

Analysts said besides slackened domestic demand at prevailing levels,weak trend overseas,where gold declined from its record level after CME group raised margins on futures contracts,also put some pressure on the white metal8217;s prices at futures trade on Thursday.

Meanwhile,silver fell by 1.1 per cent to 38.83 an ounce in Hong Kong in early trade on Thursday.