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Silver prices on Thursday fell by ₹836 to ₹2,36,999 per kilogram in futures trade as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for September delivery declined by ₹836, or 0.35 per cent, to ₹2,36,999 per kg in a business turnover of 857 lots.
Analysts said a sell-off by participants mainly weighed on silver prices.
Globally, the white metal was trading 0.18 per cent up at $65.44 per ounce in New York.