Silver prices dropped sharply by Rs 240 to Rs 36,394 per kg in futures trade Wednesday after speculators reduced their exposure amid a weak trend overseas.
Silver for delivery in December fell by Rs 240, or 0.66 per cent to trade at Rs 36,394 per kg in a business turnover of 23,189 lots at the Multi Commodity Exchange.
On similar lines, the white metal for delivery in March 2019, shed Rs 315, or 0.84 per cent, at Rs 37,166 per kg with a business turnover of 263 lots.
In the international market, spot silver fell 0.4 per cent to USD 14.46 per ounce.
Marketmen said trimming of positions by speculators to book profits at prevailing levels and a weak trend overseas, mainly led to a fall in silver prices at futures trade here.
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