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Amid a weak trend in overseas markets, silver prices fell 1.28 per cent to Rs 52,278 per kg at the futures trade today.
At the Multi Commodity Exchange, silver for delivery in July fell Rs 679 or 1.28 per cent to Rs 52,278 per kg with a business turnover of 5,808 lots. Similarly, the metal for delivery in September declined by Rs 661 or 1.22 per cent to Rs 53,692 per kg in 269 lots.
Analysts said a weak trend in overseas markets, as strengthening dollar reduced the appeal for the precious metals, led to a fall in silver prices at the futures trade.
Meanwhile, silver fell 1.3 per cent to $27.36 an ounce in Singapore, the lowest level since December 30.
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