Silver prices fell by Rs 40 to Rs 37,975 per kg in futures trade Thursday amid profit-booking by speculators at current levels.
However, a firming trend overseas capped the losses.
At the Multi Commodity Exchange, silver for delivery in May traded lower Rs 40, or 0.11 per cent, at Rs 37,975 per kg. It clocked a business volume of 21,357 lots.
The white metal to be delivered in far-month July was down by Rs 34, or 0.09 per cent, at Rs 38,520 per kg in 715 lots.
In the international market, silver rose 0.43 per cent to USD 15.30 an ounce in Singapore.
Marketmen said profit-booking at prevailing levels led to the fall in silver prices at futures trade here.
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