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Taking cues from the overseas markets and profit-booking by speculators, silver prices fell by 0.58% to Rs 50,175 per kg in futures trade today.
At the Multi Commodity Exchange, silver for delivery in March, 2014, traded lower by Rs 295, or 0.58%, to Rs 50,175 per kg in business turnover of three lots.
Similarly, the white metal for delivery in December declined by Rs 252, or 0.51%, to Rs 48,926 per kg in business volume of 314 lots.
In the international market, silver traded 0.79% lower at $22.06 an ounce in Singapore.
Market analysts said a weak trend in precious metals in the global markets and profit-booking by speculators, led to fall in silver prices at futures trade here.
