New Delhi: Amid a weak trend in overseas markets and profit-booking by speculators, silver prices fell sharply by 1, 015 to 62, 262 per kg in futures trade.

At the Multi Commodity Exchange, silver for delivery in December fell by Rs 1,015, or 1.60 per cent, to 62, 262 per kg, with a business turnover of 5,436 lots.

Similarly, the metal for delivery in March declined by Rs 1,006, or 1.55 per cent, to 63,978 per kg, with a business turnover of 341 lots.

Marketmen said besides a weak trend in overseas markets on a firmer dollar, profit booking by speculators at current levels mainly led to a fall in silver prices at futures trade.

Meanwhile, silver fell by 2 per cent to U.S. $ 33.84 an ounce in Singapore, the lowest level since September 17.

Gold prices also fell by 0.68 percent to 31, 299 per 10 grams in futures trade as speculators offloaded positions on the back of lower global trend amid subdued spot demand at prevailing higher levels.

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