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