Silver prices fell 0.37 per cent to Rs 36,847 per kg Monday as participants reduced their exposure in tandem with low demand at the spot market.
On the Multi Commodity Exchange, silver to be delivered in July contracts was trading lower by Rs 497, or 0.37 per cent, to Rs 36,847 per kg in a business turnover of 22,397 lots.
Similarly, the white metal for delivery in September contracts was down by Rs 464, or 1.23 per cent, to Rs 37,325 per kg in 5,121 lots.
Analysts attributed the weakness in silver prices at futures trade to cutting down of positions by participants to book profits at current levels.
Meanwhile, silver was trading 1.77 per cent higher at USD 14.77 an ounce in New York.
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