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Silver prices on the domestic market are currently trading lower as Federal Reserve minutes indicated that the US economy is still in recovery mode. Gold prices however are also trading down.
Silver for near month delivery on Multi Commodity Exchange is trading down by 1.32% at Rs 37,762 per kilogram and gold prices are down by 0.8% at Rs 26,946 per 10 grams.
US ADP Non-Farm Employment Change jumped by 241,000 in December last year and compared to 227,000 in November and the government employment report is expected to be positive on Friday.
