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Silver prices fell by 0.52 per cent to Rs 54,415 per kg in futures trading today as investors locked in gains at prevailing record levels amid weakening trend in Asian trade.
At the Multi Commodity Exchange, silver for delivery in July fell by Rs 284 or 0.52 per cent to Rs 54,415 a kg, with a business turnover of a single lot.
Similarly, the metal for delivery in May declined by Rs 269 or 0.50 per cent to Rs 53,609 a kg, with an open interest of four lots.
Market analysts said profit booking by speculators in tandem with a weak trend overseas following resistance at higher levels, pulled down the silver prices from the record high levels at futures trade here.
Meanwhile, silver prices lost as much as 0.11 per cent to $35.87 an ounce today in New York. It had climbed to $36.71 an ounce in yesterday’s trade in New York.
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