Silver futures on Monday plunged by Rs 755 to Rs 46,363 per kg as participants cut down their bets taking weak cues from overseas markets.
On the Multi Commodity Exchange, silver contracts for March delivery tumbled by Rs 755, or 1.60 per cent, to Rs 46,363 per kg in a business turnover of 4,484 lots.
Besides, the white metal to be delivered in May fell by Rs 722, or 1.52 per cent, to Rs 46,893 per kg in 63 lots.
In the international market, silver prices traded 1.43 per cent lower at USD 17.76 an ounce in New York.