Silver prices on Thursday slumped Rs 125 to Rs 44,694 per kg in futures trade as investors reduced their positions in line with weak trend overseas.
Silver contracts for December delivery traded lower by Rs 125, or 0.28 per cent, to Rs 44,694 per kg in a business turnover of 3,445 lots on the Multi Commodity Exchange.
The white metal for delivery in March next year fell Rs 109, or 0.24 per cent, to Rs 45,326 per kg in a business turnover of 99 lots.
In the international market, silver traded lower by 0.27 per cent at USD 17.22 an ounce in New York.
Marketmen said trimming of positions by speculators at prevailing levels mainly exerted pressure on silver futures.
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