 "Silver plunges Rs 272, hurt by weak global cues")
Taking weak cues from overseas markets, silver prices dropped by Rs 272 to Rs 34,417 per kg in futures trade on Thursday, as participants cut down their bets.
In addition, profit-booking at prevailing levels by speculators weighed on silver prices.
At the Multi Commodity Exchange, silver for delivery in March plunged by Rs 272, or 0.78 per cent, to Rs 34,417 per kg, in a business turnover of 8,429 lots.
Similarly, the white metal for delivery in far-month May fell by Rs 245, or 0.70 per cent, to Rs 34,768 per kg, in a business volume of 123 lots.
In the international market, silver fell 0.74 per cent to USD 14.05 an ounce in London in early trade on Thursday.
Traders said the fall in silver prices at futures trade was largely in tandem with a weak trend in precious metals in global markets on profit-booking by speculators.
