Silver futures down at Rs 61,551 per kg

Silver futures prices fell over one per cent to Rs 61,551 per kg today as speculators booked profits, driven by weak global cues.

At the Multi Commodity Exchange, silver for delivery in December was trading lower by Rs 691 or 1.11 per cent at Rs 61,648 per kg with a turnover of 3,636 lots.

Similarly, March contract dropped by Rs 698 or 1.09 per cent to Rs 63,375 per kg with a business turnover of 263 lots.

Marketmen said besides profit-booking by speculators, a weak trend overseas as prices consolidated after recent gains, put pressure on the silver futures here.

Meanwhile, the white metal dropped 0.6 per cent to $32.45 an ounce in Singapore today, after climbing to $32.99 yesterday, the highest price since April.