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The yellow metal had closed at Rs 50,086 per 10 grams in the previous trade.
Silver was almost flat on Wednesday at Rs 63,939 per kg, compared with the previous close of Rs 63,916 per kg.
The rupee recovered 25 paise to 74.59 to a dollar.
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In global markets, gold prices slipped to USD 1,896 an ounce whereas silver was marginally up at USD 24.11 an ounce.