NEW DELHI, Nov 27: Silver prices fell sharply by over 2 per cent to Rs 36,723 per kg in futures trade today as speculators indulged in trimming positions amidst a weak trend overseas.
At the Multi Commodity Exchange, silver for delivery in far-month March next year contracts plunged by Rs 776, or 2.07 per cent, to Rs 36,723 per kg in a business turnover of 776 lots.
Similarly, the white metal for delivery in December declined by Rs 621, or 1.69 per cent, to Rs 35,975 per kg in a business volume of 1,447 lots.
In the international market, silver retreated by 0.90 per cent to USD 16.36 an ounce in Singapore.
Market analysts said offloading of positions by speculators, triggered by a weak trend in global markets, led to the plunge in silver prices at futures trade here. (PTI)
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