Silver dips on weak global cues


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Silver futures were trading lower in the domestic market on Friday as participants engaged in trimming their positions taking weak cues from global market.

 Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.

                                  At the MCX, silver futures for March 2017 contract were trading at Rs 40813 per kg, down by 0.11 per cent, after opening at Rs 40,757, against a previous close of Rs 40,859. It touched the intra-day low of Rs 40,755.

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