Silver futures on Monday slumped by Rs 261 to Rs 46,650 per kg as participants cut down their bets on low spot demand.
On the Multi Commodity Exchange, silver contracts for March delivery tumbled Rs 261, or 0.56 per cent, to Rs 46,650 per kg in a business turnover of 2,807 lots.
Besides, the white metal to be delivered in May fell by Rs 229, to Rs 47,218 per kg in 14 lots.
In the international market, silver prices traded 0.33 per cent lower at USD 18.05 an ounce in New York.
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