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Silver futures for May traded by Rs 181, or 0.33%, to Rs 54,031 per kg in 1,586 lots.
At the Multi Commodity Exchange (MCX), the July contract declined by Rs 177, or 0.32%, to Rs 55,203 per kg in 111 lots.
Prices fell as speculators trimmed their positions.
In Singapore, silver traded lower at $28.81 an ounce.
Subdued trend in precious metals in the global markets were triggered as Cyprus's bailout plan that hurt demand for the safe haven, led to fall in silver futures trade here.
