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Amid a weak trend in overseas markets and profit-booking by speculators, silver prices fell 0.31 per cent to Rs 55,222 per kg at the futures trade today.
At the Multi Commodity Exchange, silver for delivery in May fell Rs 475 or 0.31 per cent to Rs 55,222 per kg with a business turnover of 3,468 lots. Similarly, the metal for delivery in July declined by Rs 173 or 0.31 per cent to Rs 57,069 per kg in 337 lots.
Analysts said besides a weak trend in overseas markets, profit-booking by speculators at current levels mainly led to a fall in silver prices at futures trade.
Meanwhile, the white metal fell 0.04 per cent to $30.79 an ounce in Singapore.
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