Amid profit-booking by speculators, silver prices dropped by Rs 77 to Rs 43,125 per kg at the futures trade today even as the metal strengthened overseas.
Silver for delivery in July was trading lower by Rs 77 or 0.18 per cent at Rs 43,125 per kg in a business turnover of 835 lots in futures trading at the Multi Commodity Exchange (MCX).
Also, the white metal for delivery in far-month September fell Rs 10 or 0.02 per cent to Rs 43,960 per kg with a business turnover of 581 lots.
In the international market, silver traded 0.36 per cent higher at $18.33 an ounce in Singapore.
Market analysts said the fall in silver prices at the futures trade was mostly attributed to profit-booking by speculators at prevailing levels, but gains in the overseas market limited the fall.