Silver prices moved down by 0.63% to Rs 65,074 per kg in futures trade today on reduced offtake by traders following a fall in demand at existing higher levels.
A weakening trend in overseas markets caused speculators to reduce their positions.
At the Multi Commodity Exchange, silver for delivery in March fell by Rs 414, or 0.63%, to Rs 65,074 per kg, with a business turnover of 561 lots.
December silver lost Rs 381, or 0.6%, to Rs 63,380 per kg, with a business turnover of 12,384 lots.
Marketmen attributed the fall in silver futures to reduced offtake by traders on the back of fall in demand at prevailing higher levels amid a weak global trend.
Meanwhile, silver dropped 0.6% to $34 an ounce in Singapore.