Silver prices fell by 1.01 per cent on the Multi Commodity Exchange today as speculators preffered to book profits enthused by weakening global trend.
Reduced offtake by industrial units also put pressure on the prices.
Silver for the most active July month contract fell by 1.01 per cent to Rs 23,081 per kg on the MCX counters at 1130 hours with an open interest of 12,141 lots.
Similarly, the metal for delivery in September month contract lost 0.99 per cent to Rs 23,216 per kg with an open interest of 2583 lots.
Marketmen said apart from profit-booking by speculators, weakening global trend mainly led to fall in silver prices at futures market here.