Amid weak trend overseas and profit-booking, silver futures fell by 0.63% today as speculators trimmed their exposures.
At the Multi Commodity Exchange, March silver fell by Rs 398, or 0.63%, to Rs 62,550 per kg in a business turnover of 3,157 lots.
The May delivery traded lower by Rs 360, or 0.56%, to Rs 63,989 per kg with a volume of business of 105 lots.
Analysts attributed fall in silver futures prices to a weak trend in global markets as some investors sold the metal after prices climbed to a one-week high amid speculation the US Federal Reserve will expand monetary stimulus to boost the economy.
Meanwhile, in Singapore silver prices fell from one-week high by dropping 0.80%, to$32.99 an ounce.
