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Commodity prices extended their decline on Tuesday amid volatility, after a sharp fall the previous day on concerns over global economic growth as the coronavirus (COVID-19) pandemic spread.
Base and precious metals fell on Multi Commodity Exchange (MCX) futures. The fall in metals was a little sharper on the London Metal Exchange (LME).
At Zaveri Bazaar here, silver fell four per cent to close at Rs 35,145 a kg on Tuesday. Traders were not keen on deals and were offering a high spread to buyers. Many offered April delivery at the low price.
The spot price of silver has fallen
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