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Silver down 0.5% on weak global trend

Metal for delivery in September lost 0.5%

Press Trust of India New Delhi
Silver futures fell 0.52% to Rs 44,419 per kg today as speculators reduced positions on weak cues from global markets.

At the Multi Commodity Exchange, silver for delivery in July eased by Rs 234, or 0.52%, to Rs 44,419 per kg in a business turnover of 464 lots.

Similarly, the white metal for delivery in September lost Rs 227, or 0.50%, to Rs 44,925 per kg in 91 lots.

Market analysts said a weak trend overseas as stronger equities dented the precious metals' safe-haven appeal, mainly pulled down silver prices at futures trade.

Meanwhile, silver slipped 0.30% to $20.97 an ounce in Singapore today.

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First Published: Jun 26 2014 | 12:08 PM IST

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