Silver prices on Monday slumped Rs 305 to Rs 44,140 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 305, or 0.69 per cent, to Rs 44,140 per kg in a business turnover of 2,582 lots on the Multi Commodity Exchange.
The white metal for delivery in March next year fell Rs 284, or 0.63 per cent, to Rs 44,800 per kg in a business turnover of 141 lots.
In the international market, silver traded lower by 0.46 per cent at USD 16.87 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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