Silver futures fell by 0.61% today as speculators trimmed their exposures amid a weak trend in bullion prices overseas and sluggish domestic demand.
At the Multi Commodity Exchange, the March contract fell by Rs 397, or 0.61%, to Rs 64,719 per kg in a business turnover of 970 lots.
The December contract traded lower by Rs 352, or 0.56%, to Rs 62,700 per kg with a volume of business of 974 lots.
Analysts attributed weak trend in the precious metals in global markets after US lawmakers failed to agree on a budget, raising concern that commodity demand may decline.
Further, they said fall in local demand at prevailing higher levels also kept pressure on the metal.
Meanwhile, in Singapore silver prices fell from a seven-week high by dropping 0.30%, to $34,14 an ounce.
