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Silver prices fell Rs 117 to Rs 41,960 per kg in futures trade today as speculators reduced exposure, tracking a weak trend overseas.
At Multi Commodity Exchange, silver prices for delivery in July traded lower by Rs 117, or 0.28 per cent, to Rs 41,960 per kg in a business turnover of 24 lots.
Similarly, the white metal's prices for delivery in May shed Rs 94, or 0.23 per cent, to Rs 41,411 per kg in a business volume of 809 lots.
In the international market, silver fell by 0.17 per cent at 17.97 an ounce in Singapore.
Market analysts attributed the fall in silver prices in futures trade to a weak trend in global markets after rising dollar eroded appeal of the precious metals as an alternative investment.