Taking subdued cues from the global market, silver prices drifted down by 0.57 per cent to Rs 36,690 per kg in futures trade today as participants reduced their exposure.
At Multi Commodity Exchange, silver for delivery in September fell by Rs 210, or 0.57 per cent, to Rs 36,690 per kg in business turnover of 651 lots.
Likewise, the white metal for delivery in December contracts was trading lower by Rs 185, or 0.49 per cent, to Rs 37,531 per kg in 90 lots.
Analysts said offloading of positions by traders in tandem with a weak trend in the precious metals overseas, influenced silver prices in futures trade here.
Globally, silver fell 0.88 per cent to USD 14.60 an ounce in Singapore.
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