NEW DELHI, July 14: Silver prices declined by Rs 142 to Rs 35,385 per kg in futures trade today as speculators reduced their positions amidst a weak trend overseas.
At the Multi Commodity Exchange, silver prices for delivery in September traded lower by Rs 142, or 0.40 per cent, to Rs 35,385 per kg in business turnover of 503 lots.
Similarly, the far-month December contract was trading lower by Rs 115, or 0.32 per cent, to Rs 36,178 per kg in business volume of five lots.
In the international market, silver prices traded 0.4 per cent lower at USD 15.44 an ounce in Singapore.
Market analysts said a weak trend in global markets after Greece reached a bailout deal with its creditors and investors weighed the timing of a US interest-rate increase, weighed on silver futures here.
Furthermore, gains in the dollar added to selling pressure in the precious metals, they added. (PTI)
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