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Silver prices fell 1.07% to Rs 54,108 per kg in futures market today as speculators trimmed their positions, tracking a weak global trend.
At the Multi Commodity Exchange, silver for delivery in December moved down by Rs 587, or 1.07% to Rs 54,108 per kg in business turnover of 3349 lots.
Similarly, the silver for delivery in March lost Rs 495, or 0.89% to Rs 55,400 per kg in 18 lots.
Market analysts attributed the fall in silver futures to speculators trimming their positions in tandem with a weak global trend.
Meanwhile, silver declined by 1.09% to 23.21 dollar an ounce in New York last night.
