Amid profit-booking by speculators after recents gains and a weak trend overseas, silver futures prices today fell by Rs 286 to Rs 60,320 per kg.
At the Multi Commodity Exchange, silver for delivery in September was trading Rs 286, or 0.47%, lower at Rs 6,320 per kg, with a turnover of 918 lots.
December silver dropped by Rs 260, or 0.42%, to Rs 61,761 per kg, with a business turnover of 15,919 lots.
Marketmen said besides profit-booking by speculators, a weak trend overseas put pressure on silver futures here.
A stronger dollar cut demand for metals as an alternative investment and anticipation ahead of European Central Bank policy makers meet was behind the weak global trend.
Meanwhile, silver fell by 0.80% to $32.45 an ounce in London today after reaching $32.42 yesterday.