Silver for delivery in May was trading down by Rs 193, or 0.46 per cent, to Rs 41,954 per kg in futures trading at the Multi Commodity Exchange. It clocked a business volume of 692 lots.
The white metal for delivery in July fell by Rs 159, or 0.37 per cent, to trade at Rs 42,420 per kg, in a business turnover of six lots.
Market analysts said, apart from profit-booking at prevailing levels, a weak trend overseas as the strength in the dollar reduced appeal of the precious metals as a safe haven, mainly pulled down silver prices at futures trade.
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