After remaining firm in the last three trading sessions, silver futures slipped marginally in early trade on the Multi Commodity Exchange today owing to slackness in demand in the physical markets.
At 1130 hours on the MCX, silver for delivery in Julym the most active contract, fell by 0.36 per cent to Rs 23,861 per kg, with an open interest in 13,083 lots.
Similarly, the metal for delivery in September fell 0.34 per cent to Rs 23,957 per kg, clocking 2,606 lots.
The fall in silver prices was mostly attributed to fall in demand in the spot markets.
They said reduced offtake by industrial units also had a negative impact on the prices.
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