Silver prices traded lower 0.28 percent to Rs 38,146 per kg in futures trade Wednesday as participants cut positions amid a weak trend overseas.
At the Multi Commodity Exchange, silver for delivery in May fell by Rs 109, or 0.28 percent, to Rs 38,146 per kg in a business turnover of 1,076 lots.
Traders attributed the weakness in silver prices to offloading of positions by speculators in-line with a weak trend in precious metals, at the global market, on a stronger dollar.
Globally, silver fell 0.29 percent to USD 15.40 an ounce in New York
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Source: Moneycontrol
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