Silver futures dipped sharply by 0.55 per cent to Rs 37,762 per kg Monday as traders tighthened their positions following a muted trend in the overseas market.
Silver for delivery in March 2019 was trading lower by Rs 210, or 0.55 per cent, to Rs 37,762 per kg in a business turnover of 20,237 lots at the Multi Commodity Exchange.
In a similar manner, the white metal to be delivered in far-month May, too, remained muted by Rs 148, or 0.39 per cent, to Rs 37,824 per kg in 20,275 lots.
Analysts said tightening of positions by traders in sync with a sluggish trend at global markets for precious metals, influenced silver prices at futures trade here.
In the international market, silver traded higher at USD 14.55 an ounce in Singapore Monday.
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