Silver prices slumped by Rs 233 to Rs 45,406 per kg in futures trade on Friday as investors reduced their positions amid subdued overseas trend.
Silver contracts for December delivery traded lower by Rs 233, or 0.51 per cent, to Rs 45,406 per kg in a business turnover of 3,671 lots on the Multi Commodity Exchange.
The white metal for delivery in March next year fell by Rs 243, or 0.52 per cent, to Rs 46,349 per kg in 13 lots.
In the international market, silver traded 0.26 per cent lower at USD 17.63 an ounce on COMEX.
Marketmen said weak trend in precious metals overseas and trimming of positions by speculators at prevailing levels mainly put pressure on silver futures.
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