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Silver futures down 0.62% on profit-booking, global cues

Metal trades marginally lower at $20.95 an ounce in Singapore

Press Trust of India New Delhi
Last Updated : Jun 30 2014 | 12:22 PM IST
Silver prices fell 0.62 per cent to Rs 44,817 per kg in futures trade today amid profit-booking by speculators and a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 280, or 0.62 per cent, to Rs 44,817 per kg in a business turnover of 274 lots.

July silver declined by Rs 240, or 0.54 per cent, to Rs 44,289 per kg in a business volume of 478 lots.

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In the international market, silver prices traded lower at $20.95 an ounce in Singapore from $20.96 on June 27.

Market analysts said apart from profit-booking by participants, a weak trend in global markets led to the fall in silver prices at futures trade here.

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First Published: Jun 30 2014 | 11:57 AM IST

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