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Amid profit-booking by participants and a weak trend in the global markets, silver prices today fell by 0.70% to Rs 50,706 per kg.
At the Multi Commodity Exchange, silver for delivery in March, 2014, after remaining higher in early trade, turned weak and traded Rs 358, or 0.70% to Rs 50,706 per kg in business turnover of 234 lots.
Similarly, the white metal for delivery in December in two-way movements, was trading Rs 343, or 0.69% lower at Rs 49,218 per kg in business volume of 314 lots.
In the international market, silver traded 0.50% lower at $22.38 an ounce in London.
Analysts said besides profit-booking by speculators after recent gains, a weak trend in precious metals in the global markets as a stronger dollar reduced demand, led to fall in silver prices at futures trade here.
