Also, profit-booking at existing levels by speculators weighed on silver prices.
At the Multi Commodity Exchange, silver for delivery in March dropped Rs 607, or 0.15 per cent, to Rs 39,785 per kg in a business turnover of 185 lots.
Similarly, the white metal for delivery in far-month May traded Rs 48, or 0.12 per cent, lower at Rs 30,283 per kg in 9 lots.
Traders said offloading of positions by participants due to a weak global trend led to the fall in prices.
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