Profit-booking at prevailing levels also weighed on silver prices.
At the Multi Commodity Exchange, silver for delivery in March month declined by Rs 74, or 0.21 per cent, to Rs 35,222 per kg in business turnover of 4,574 lots.
Similarly, the white metal for delivery in far-month May contracts shed Rs 65, or 0.18 per cent, to Rs 35,552 per kg in 133 lots.
Analysts attributed the fall in silver prices in futures trade to a weak trend in precious metals in global markets on speculation that its rally to a three-month high was overdone after the Federal Reserve said interest-rate increases will depend on how the US economy performs.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%