Silver prices declined by Rs 62 to Rs 37,200 per kg at the futures trade as participants trimmed their positions amid weak global cues.

At the Multi Commodity Exchange, silver for delivery in September was trading lower by Rs 62 or 0.17 per cent at Rs 37,200 per kg in a business turnover of 241 lots.

The white metal for delivery in far-month December too lost Rs 58 or 0.15 per cent to Rs 37,790 per kg in a business volume of six lots.

In the international market, silver was trading 0.06 per cent down at $16.23 an ounce in Singapore today.

Marketmen attributed the fall in silver prices at the futures trade to a weak trend in precious metals overseas as the dollar jumped after strong jobs data for July, diminishing the appeal for precious metals.