Silver fell by 1.53 per cent in futures deals today as traders booked profits at prevailing higher levels amid a weakening trend in overseas markets.
On the Multi Commodity Exchange, silver for delivery inSeptember contract lost 1.53 per cent to Rs 23,050 per kg, in a trading volume of two lots.
The March contract fell by 1.21 per cent to Rs 22,414 per kg in trading of 3,380 lots, while May silver shed 1.14 per cent to Rs 22,669 per kg in trading volume of 419 lots.
Marketmen said selling pressure developed as major players felt the rise in silver in recent times was overdone and indulged in profit-booking at existing higher levels.
They said silver in overseas markets falling from recent record
$15 dollar levels to $13.72 an ounce was another dampening factor.
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