At the Multi Commodity Exchange, silver for delivery in March traded lower by Rs 213, or 0.56%, to Rs 37,585 per kg in a business turnover of 470 lots.
Similarly, the precious metal for delivery in May month declined by Rs 164, or 0.43%, to Rs 37,742 per kg in business volume of seven lots.
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Market analysts attributed fall in silver prices at futures trade to profit-booking by speculators at current prices but a firming trend overseas, limited the losses.
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