Silver prices fell by 0.52% to Rs 54,415 per kg in futures trading today as investors locked in gains at prevailing record levels amid weakening trend in Asian trade.
At the Multi Commodity Exchange, silver for delivery in July fell by Rs 284, or 0.52%, to Rs 54,415 per kg, with a business turnover of a single lot.
Similarly, the metal for delivery in May declined by Rs 269, or 0.50%, to Rs 53,609 per kg, with an open interest of four lots.
Market analysts said profit booking by speculators in tandem with a weak trend overseas following resistance at higher levels, pulled down the silver prices from the record high levels at futures trade here.
Meanwhile, silver prices lost as much as 0.11% to $35.87 an ounce today in New York. It had climbed to $36.71 an ounce in yesterday's trade in New York.
