Taking weak cues from overseas markets, silver prices dropped by Rs 95 to Rs 42,475 per kg in futures trade today, as participants cut down their bets.
Moreover, profit-booking at prevailing levels by speculators weighed on silver prices.
At the Multi Commodity Exchange, silver for delivery in May was trading lower by Rs 95, or 0.22 per cent, to Rs 42,475 per kg, in a business turnover of 478 lots.
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Similarly, the white metal for delivery in far-month July declined by Rs 80, or 0.19 per cent, to Rs 42,940 per kg in a business volume of 3 lots.
In the international market, silver fell 0.30 per cent to USD 18.22 an ounce in Singapore today.
Traders attributed the fall in silver prices at futures trade to a weak trend in precious metals in global markets and profit-booking by speculators.
Disclaimer: No Business Standard Journalist was involved in creation of this content
