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Silver futures for July fell by Rs 267, or 0.48%, to Rs 55,778 per kg in 395 lots.
At the Multi Commodity Exchange (MCX), the May contract declined by Rs 254, or 0.46%, to Rs 54,503 per kg in 4,385 lots.
Subdued trend in the global markets triggered by US data showing strengthening economy that curbed demand for the precious metals as a haven affected silver futures.
In Singapore, silver fell by 0.6% to $28.89 an ounce.
