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Silver prices moved down by 0.25 per cent to Rs 37,038 per kg in futures trade today as participants locked in gains at prevailing levels even as metal edged higher overseas.
In futures trading, silver for delivery in May moved down by Rs 92, or 0.25 per cent, to Rs 37,038 per kg at the Multi Commodity Exchange. It clocked a business turnover of seven lots.
July silver declined by Rs 81, or 0.21 per cent, to Rs 37,770 per kg in 410 lots.
Market analysts said profit-booking by speculators at prevailing levels mainly led to the fall in silver prices at futures trade but metal's gain overseas, capped the losses.
Meanwhile, silver traded 0.1 per cent higher at $16.42 an ounce in Singapore today.
