Silver price down in futures trade,tracking global cues

At the Multi Commodity Exchange,silver for delivery in July was trading Rs 195,or 0.36 per cent,lower at Rs 54,122 per kg,with a turnover of 1,115 lots.

Similarly,silver for delivery in September dropped by Rs 182,or 0.33 per cent,to Rs 55,504 per kg,with a business turnover of 49 lots.

Analysts said a weak trend in global markets on persistent euro-zone debt troubles and strengthening of the US dollar,which reduced appeal of precious metals,mainly put pressure on the silver futures prices here.

In addition,subdued demand at domestic spot markets also weighed down the prices,they said.

Meanwhile,silver fell by 1.3 per cent to USD 27.94 an ounce in Singapore today.