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Silver futures down 0.9% on weak global trend

Profit-booking at current levels by speculators also affected the prices

Press Trust of India New Delhi
Taking weak cues from the global market and profit-booking by speculators, silver futures prices today fell by 0.87%, to Rs 41,821 per kg.
 
At the Multi Commodity Exchange, silver prices for delivery in December fell by Rs 379, or 0.87%, to Rs 41,821 per kg in business turnover of 65 lots.
 
Similarly, the white metal prices for delivery in September lost Rs 357, or 0.86%, at Rs 41,050 per kg in 2,764 lots.
 
Analysts said a weak trend in the precious metals overseas and profit-booking at current levels by speculators, mainly weighed on silver prices at futures trade here.
 
 
Meanwhile, silver shed 0.91% to $19.63 an ounce in New York yesterday. 

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First Published: Aug 02 2013 | 12:17 PM IST

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