Silver prices eased by 0.93 percent to Rs 37,756 per kg in futures trade on May 1 as investors cut down their bets taking weak cues from overseas markets. Also, profit-booking at existing levels by speculators weighed on silver prices.
At the Multi Commodity Exchange, silver for delivery in July contracts was trading lower by Rs 356, or 0.93 percent, to Rs 37,756 per kg, in a business turnover of 18,890 lots.
Similarly, the white metal for delivery in September eased by Rs 419, or 1.08 percent, to Rs 38,250 per kg in a business turnover of 2,240 lots.
Traders said off-loading of positions by participants due to a weak global trend led to the fall in silver futures.
Globally, silver shed 0.03 percent to $14.89 an ounce in Singapore.
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