Taking weak cues from the overseas markets, silver prices moved down by 0.55 per cent to Rs 40,128 per kg in futures trading today as participants cut down their bets.
At the Multi Commodity Exchange, silver for delivery in July fell by Rs 220, or 0.55 per cent to Rs 40,128 per kg in business turnover of 945 lots.
Likewise, the white metal for delivery in September was trading lower by Rs 209, or 0.51 per cent to Rs 40,690 per kg in 30 lots.
Traders said the fall in silver prices in futures trade was largely due to off-loading of positions by participants, tracking a weak trend in precious metals in global markets.
Globally, silver shed 0. 21 per cent to USD 16.46 an ounce in Singapore.
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