 "Silver down 0.4% as global trend weakens")
Silver prices declined Rs 165 to Rs 35,689 per kg in futures trade today as speculators trimmed positions amid a weak trend in global markets.
At Multi Commodity Exchange, silver for delivery in July traded lower by Rs 165, or 0.46 per cent, at Rs 35,689 per kg in a business turnover of 278 lots.
Similarly, the white metal prices for September contracts declined by Rs 160, or 0.44 per cent, at Rs 36,235 per kg in a business volume of 293 lots.
Market analysts said a weak trend in global markets as a rising dollar reduced demand for precious metals led to fall in silver prices in futures trade.
At Multi Commodity Exchange, silver for delivery in July traded lower by Rs 165, or 0.46 per cent, at Rs 35,689 per kg in a business turnover of 278 lots.
Similarly, the white metal prices for September contracts declined by Rs 160, or 0.44 per cent, at Rs 36,235 per kg in a business volume of 293 lots.
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In the international market, silver prices fell 0.8 per cent to USD 15.65 an ounce in Singapore, extending this quarter's slump to 6.1 per cent.
Market analysts said a weak trend in global markets as a rising dollar reduced demand for precious metals led to fall in silver prices in futures trade.
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