Silver futures traded low in early trade on the Multi Commodity Exchange (MCX) today on emergence of profit selling at existing higher levels amid a weak global trend.
At 1145 hrs on the MCX, the precious metal for the July-month contract fell 0.36 per cent to Rs 24,275 per kg, recorded a business volume of 13,667 lots.
Silver for the September-month contract lost 0.32 per cent to Rs 24,352 per kg, in trading of 1,711 lots.
Marketmen said selling pressure gathered momentum following a fall in its prices in overseas markets, which set price trend in the domestic markets here.
They said the silver prices rose in the last few trading sessions to dizzy heights, attracting profit-selling by speculators.
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