Silver prices fell by Rs 237 to Rs 57,468 per kg in futures trade today as speculators locked-in gains at existing record levels amid a weak trend overseas.
At the Multi Commodity Exchange, silver for September delivery dropped by Rs 237, or 0.41%, to Rs 57,468 per kg, with a business turnover of 7,067 lots.
Similarly, for December delivery, the white metal traded Rs 235, or 0.40%, lower at Rs 58,600 per kg, clocking a turnover of 189 lots.
Analysts said besides profit-booking by speculators at current attractive level, weak trend at global markets weighed on the silver futures prices here.
Meanwhile, silver traded lower at $38.30 an ounce after rising to $39.36 an ounce in yesterday's trade, highest level since May 5.
