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Silver prices declined 0.28% to Rs 42,085 per kg in futures trade today as speculators booked profits amid a weak trend in the global markets.
At the Multi Commodity Exchange, silver prices for delivery in July traded lower by Rs 119, or 0.28%, to Rs 42,085 per kg in business turnover of 341 lots.
Similarly, the white metal prices for delivery in September declined by Rs 93, or 0.22%, to Rs 42,325 per kg in business volume of 12 lots.
In the international market, silver prices traded 0.40% lower at $19.58 an ounce in Singapore.
Market analysts said apart from the profit-booking by participants, a weak trend in global markets ahead of the US Federal Reserve begins a two-day policy meeting today led to the fall in silver prices at futures trade here.
