In futures trading, silver for delivery in July was trading sharply lower by Rs 409, or 1.02 per cent, at Rs 39,549 per kg, in a business turnover of 724 lots at the Multi Commodity Exchange.
Similarly, the metal for delivery in far-month September declined by Rs 396, or 0.98 per cent, to Rs 40,000 per kg, in a business of two lots.
In the international market, silver slumped 0.55 per cent to USD 17.05 an ounce in New York yesterday.
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