Silver prices fell by 0.32% to Rs 57,230 per kg in futures trade today, extending yesterday's losses, on continued profit-booking by speculators amid weak trend at New York.
At the Multi Commodity Exchange, silver for delivery in September dropped by Rs 181, or 0.32%, to Rs 57,230 per kg, with a business turnover of 3,538 lots.
December silver traded Rs 197, or 0.32%, lower at Rs 58,701 per kg, clocking a turnover of 386 lots.
Analysts said besides continued profit-booking by speculators at existing level, the drop in its prices in New York yesterday, also led to the fall in silver futures prices here.
In addition, a weak trend at the domestic market also put some pressure on the silver futures prices, they said.
Meanwhile, silver lost 3.38% to trade lower at $37.71 an ounce in yesterday's trade in New York.
