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Amid a weakening trend overseas, silver prices fell by 0.14% to Rs 40,071 per kg in futures trade today as speculators reduced their exposures.
At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 58, or 0.14%, to Rs 40,071 per kg in business turnover of 45 lots.
On similar lines, the white metal for delivery in July declined by Rs 45, or 0.11%, to Rs 39,974 per kg in business volume of 880 lots.
In the international market, silver traded 0.32% lower at $18.98 an ounce in Singapore.
Market analysts said a weak trend in precious metals in the global markets as an improving US economy reduced appeal of the precious metals, weighed on silver futures here.
