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Silver: Silver prices dropped sharply by 2.8 percent on the international markets on Monday taking cues from strength in the US dollar index along with downside in base metals pack. In addition to this, rise in risk aversion in the markets due to Euro Zone debt worries also exerted further downside pressure on prices. The white metal touched an intra-day low of $30.45/oz and ended its trading session at $ 30.76/oz yesterday. MCX Silver May contract decline around 1.6 percent and touched an intra-day low of Rs55,303/kg. However, depreciation in the Indian Rupee cushioned further fall on the MCX on Monday.
Expect Gold, Silver to trade lower today says, Angel - Moneycontrol.com -
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