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Silver prices fell by Rs 131 to Rs 63,461 a kg in futures trade on Wednesday as speculators locked in gains at existing levels amid a weak trend overseas.
At the Multi Commodity Exchange, silver for delivery in September was trading Rs 131, or 0.21 per cent, lower at Rs 63,461 a kg, with a turnover of 1,041 lots.
Similarly, silver for delivery in December dropped by Rs 132, or 0.20 per cent, to Rs 65,030 a kg, with a business turnover of 93 lots.
Analysts said in addition to profit-booking by speculators at higher levels, a weak trend in global markets also put pressure on silver futures prices here.
Meanwhile, silver fell sharply by 4.21 per cent to $41.88 an ounce in New York yesterday after some investors sold the metal at prevailing higher levels.
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