Silver prices fell Rs 44 to Rs 38,895 per kg at the futures trade as speculators cut down their bets to book profits amid weak global cues.
Silver for delivery in September was down by Rs 44 or 0.11 per cent to Rs 38,895 per kg at the Multi Commodity Exchange. It clocked a business volume of 484 lots. The white metal for delivery in far-month December fell Rs 43 or 0.11 per cent to Rs 39,530 per kg in a business turnover of 8 lots.
Market analysts said profit-booking at prevailing levels and fresh losses in the white metal overseas mainly pulled down silver prices at the futures trade here.
In the international market, silver traded 0.12 per cent lower at $16.98 an ounce in New York yesterday.