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Silver prices were nearly flat at ₹2,39,607 per kilogram in futures trade on Thursday as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for September delivery declined by ₹31, or 0.01 per cent, to ₹2,39,607 per kg in a business turnover of 6,876 lots.
Analysts said a sell-off by participants mainly weighed on silver prices.
Globally, the white metal was trading 0.35 per cent lower at $68.35 per ounce in New York.