NEW DELHI, Dec 2: Silver prices plunged 1.92 per cent to Rs 36,981 per kg in futures trade today after speculators offloaded positions amid a weak global trend.
At the Multi Commodity Exchange, silver for delivery in March 2015 was down by Rs 725, or 1.92 per cent, to Rs 36,981 per kg in a business turnover of 1,937 lots.
Similarly, the white metal for delivery in December declined by Rs 593, or 1.61 per cent, to Rs 36,130 per kg in 61 lots.
Market analysts said trimming of positions by speculators amid a weak trend in precious metals overseas put pressure on silver prices at futures trade.
Meanwhile, silver lost one per cent to USD 16.30 an ounce in Singapore after prices rebounded yesterday from a five-year low of USD 14.42 to end 6.5 per cent higher, the biggest gain since January 2012. (PTI)
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