Silver futures on Wednesday plunged Rs 524 to Rs 42,970 per kg as participants cut down their bets taking weak cues from overseas markets.
On the Multi Commodity Exchange, silver contracts for May delivery tumbled by Rs 524, or 1.2 per cent, to Rs 42,970 per kg in a business turnover of 3,675 lots.
Besides, the white metal to be delivered in July fell by Rs 477, or 1.09 per cent, to Rs 43,130 per kg in 665 lots.
In the international market, silver prices traded 0.18 per cent lower at USD 15.30 an ounce in New York.
Analysts said weak trends overseas mainly kept pressure on silver prices here.
Disclaimer: No Business Standard Journalist was involved in creation of this content
