Spot Silver Prices Declined Marginally By 0.1 Percent On Tuesday

Spot silver prices declined marginally by 0.1 percent on Tuesday to close at $17.4 per ounce in line with decline in gold prices and stronger US dollar index.

On the MCX, silver prices declined by 0.14 percent to close at Rs.40282 per kg.

Investors have been concerned about next week's election in Britain, as well as the prospect of early elections in Italy and worries over Greek debt.

Economic data from the US released yesterday pointed towards optimism over the economy in turn brightening prospects for rate hike.

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