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Silver futures down 0.1% on reduced offtake

Reduced offtake by traders affected the trade

Last Updated : Feb 20 2013 | 4:44 PM IST

Silver futures for May fell Rs 56, or 0.1% to Rs 56,600 per kg in 1,389 lots.

At the Multi Commodity Exchange (MCX), the March contract traded lower by Rs 31, or 0.06% to Rs 55,140 per kg in 14,933 lots.

reduced offtake by traders amid a weak global trend.

Reduced offtake by traders on fall in spot market demand affected the trade.

Weak global trend kept pressure on silver futures trade here.

In New York, silver lost 1.8% to $29.44 an ounce.