Silver prices fell further by 0.69% to Rs 51,842 per kg in futures trading today amid a weak trend in Asian trade and domestic markets.
At the Multi Commodity Exchange, silver for delivery in May fell by Rs 61, or 0.69%, to Rs 51,842 per kg, with a business turnover of 3,536 lots
Similarly, the white metal for delivery in July declined by Rs 63, or 0.68%, to Rs 52,584 per kg, with a business volume of 216 lots.
Market analysts attributed the fall in silver futures prices to a weak trend in Asian trade, as nuclear crisis intensified in Japan, which prompted investors to sell bullion to cover losses in other markets.
In addition, a weak trend in the domestic market also put pressure on the silver futures prices, they added.
Meanwhile, silver prices declined by 1.5% to $33.94 an ounce today in Asian trade.