Global cues hit white metal

Silver futures fell during evening trade in the domestic market on Tuesday as investors and speculators exited their positions in the precious metal after fading worries over Italy's political uncertainty and on rising expectations of US Fed interest rate hike in December. The US Federal Reserve likely to hike interest rate at its next policy meeting on December 13-14 after stronger-than-expected jobs data, thus diminishing demand for safe-haven assets. 

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                                 At the MCX, silver futures for March 2017 contract is trading at Rs 41,255 per kg, down by 0.25% , after opening at Rs 40,990, against a previous close of Rs 41,358. It touched the intra-day low of Rs 40,99.

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