Silver prices fell sharply by Rs 282 to Rs 38,305 per kg at the futures trade today due to profit-booking at prevailing levels.
On the Multi Commodity Exchange, silver for delivery in May traded lower by Rs 282 or 0.73 per cent to Rs 38,305 per kg in a business turnover of just four lots.
Similarly, the white metal for delivery in March declined by Rs 251 or 0.66 per cent to Rs 37,663 per kg in a business volume of 234 lots.
In the international market, silver prices fell 0.48 per cent to $16.47 an ounce in Singapore.
Market analysts said apart from profit-booking by participants, a weak trend in global market led to the fall in silver prices at the futures trade here.