Amid a weak trend in overseas markets and profit-booking by speculators, silver prices fell sharply by Rs 1,015 to Rs 62,262 per kg in futures trade today.
At the Multi Commodity Exchange, silver for delivery in December fell by Rs 1,015, or 1.60%, to Rs 62,262 per kg, with a business turnover of 5,436 lots.
March silver declined by Rs 1,006, or 1.55%, to Rs 63,978 per kg, with a business turnover of 341 lots.
Marketmen said besides a weak trend in overseas markets on a firmer dollar, profit-booking by speculators at current levels led to the fall in silver prices at futures trade.
Meanwhile, silver fell by 2% to $33.84 an ounce in Singapore, the lowest level since September 17.
