Silver prices fell by Rs 25, or 0.08 per cent, to Rs 30,862 per kg in futures trading today due to reduced offtake following fall in spot demand at existing higher level.
A weak trend in the overseas market also influenced the trading sentiment.
At the Multi Commodity Exchange platform, silver for December fell by Rs 25, or 0.08 per cent, to Rs 30,862 per kg, with an open interest of 28,946 lots.
Similarly, the metal for delivery in September traded marginally down by Rs 5, or 0.05 per cent, to Rs 30,910 per kg, with an open interest of 5,975 lots.
Market experts said reduced offtake following fall in demand at existing higher levels and a weak trend in global market mainly led to a decline in silver prices at futures market.
Meanwhile, silver shed 0.21 per cent to $19.36 an ounce in Asian region.
