Silver futures on Tuesday plunged by Rs 497 to Rs 45,946 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 Rs 497, or 1.07 per cent, to Rs 45,946 per kg in a business turnover of 5,506 lots.
Besides, the white metal to be delivered in May fell by Rs 498 to Rs 46,493 per kg in 142 lots.
In the international market, silver prices traded 1.31 per cent lower at USD 17.76 an ounce in New York.
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