Silver prices fell by Rs 160 to Rs 37,430 per kg in futures trade Monday as buyers trimmed positions following weak cues from global market.
At the Multi Commodity Exchange, silver for delivery in December was trading lower by Rs 160, or 0.43 per cent, at Rs 37,430 per kg in a business turnover of 440 lots.
The metal for delivery in March too lost Rs 114, or 0.30 per cent, to Rs 38,260 per kg in a business volume of five lots.
In the international market, silver was trading 0.42 per cent down at USD 14.19 an ounce in Singapore today.
Marketmen attributed the fall in silver prices in futures trade to trimming of positions by participants in sync with a weak trend in precious metals in global market as the dollar held firm on news that China has cancelled the upcoming trade talks with the US, with the market also eyeing this week's US Federal Reserve meeting for guidance on future rate hikes.