Silver futures on Tuesday fell by Rs 1,525 to Rs 47,880 per kg as investors trimmed their positions amid subdued demand tracking weak trend overseas.
On the Multi Commodity Exchange, silver contracts for March delivery tumbled by Rs 1,525, or 3.09 per cent, to Rs 47,880 per kg in a business turnover of 9,004 lots.
Besides, the white metal to be delivered in May fell by Rs 1,591, or 3.18 per cent, to Rs 48,424 per kg in 1,584 lots.
In the international market, silver prices traded 3.06 per cent lower at USD 18.38 an ounce in New York.
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