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Tracking a weak trend overseas, silver prices fell by 0.49% to Rs 41,173 per kg in futures trade today as speculators engaged in offloading positions.
At the Multi Commodity Exchange, silver for delivery in far-month December lost Rs 201, or 0.49%, to Rs 41,173 per kg with a turnover of 318 lots.
Marketmen said the fall in silver futures was mostly due to a weakening trend in global markets after the Federal Reserve raised its interest-rate projections, spurring gains in the dollar and reduced demand for the precious metals.
Meanwhile, in New York, silver fell 0.88% to $18.52 an ounce in Wednesday's trade.
