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Silver prices dropped by Rs 214 per kg to Rs 37,021 per kg at the futures trade as speculators trimmed their holdings amid a weak trend in global market.
At the Multi Commodity Exchange, silver for delivery in far-month December was trading lower by Rs 214 or 0.57 per cent at Rs 37,021 per kg in a business turnover of 13 lots.
Similarly, the metal for delivery in September declined by Rs 200 or 0.55 per cent to Rs 36,390 per kg in a business of 605 lots.
In the international market, silver slumped 0.32 per cent to $15.62 an ounce in Singapore.
Analysts attributed the fall in silver in futures trade to a weak trajectory in global markets as the dollar strengthened against a basket of major currencies and global stocks gained on upbeat data, eroding the demand for a safe haven.
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