Silver followed suit and lost another Rs 150 at Rs 40,500 per kg owing to reduced offtake by industrial units and coin makers.
Furthermore, muted demand from local jewellers and retailers at the domestic spot market put pressure on prices.
Sovereign, however, held steady at Rs 24,800 per piece of eight grams in limited deals.
In sync with gold, silver ready drifted lower by Rs 150 to Rs 40,500 per kg and weekly-based delivery by Rs 265 to Rs 39,610 per kg.
Silver coins, however, continued to be enquired at previous level of Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)