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Silver prices fell Rs 117 to Rs 41,960 per kg at the futures trade today as speculators reduced their exposure, tracking a weak trend overseas.
At the Multi Commodity Exchange, silver prices for delivery in July traded lower by Rs 117 or 0.28 per cent at Rs 41,960 per kg in a business turnover of 24 lots.
Similarly, the white metal’s prices for delivery in May shed Rs 94 or 0.23 per cent to Rs 41,411 per kg in a business volume of 809 lots.
In the international market, silver fell 0.17 per cent to $17.97 an ounce in Singapore.
Market analysts attributed the fall in silver prices in futures trade to a weak trend in global markets after rising dollar eroded the appeal of the precious metals as an alternative investment.
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