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NEW DELHI, May 20: Silver prices declined 0.19 per cent to Rs 39,740 per kg in futures trade today as speculators reduced their exposure amid a weak trend in global markets.
At Multi Commodity Exchange, silver prices for delivery in far-month September contracts traded lower by Rs 75, or 0.19 per cent, to Rs 39,740 per kg in business turnover of 4 lots.
Similarly, the white metal prices for delivery in July declined Rs 61, or 0.16 per cent, to Rs 39,215 per kg in business volume of 357 lots.
In the international market, silver prices traded little changed at 17.10 an ounce in Singapore. Prices tumbled 3.5 per cent yesterday, the most since February 17.
Analysts attributed the fall in silver prices in futures trade to a weak trajectory in global markets before the Fed releases minutes of its last meeting amid speculation that an improving housing market will boost the case for higher interest rates. (PTI)
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