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Taking weak cues from overseas markets, silver prices dropped by Rs 181 to Rs 43,200 per kg at the 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 far-month May was trading lower by Rs 181 or 0.42 per cent at Rs 43,200 per kg in a business turnover of 527 lots.
Similarly, the white metal for delivery in March declined by Rs 166 or 0.39 per cent to Rs 42,670 per kg in a business volume of 9,640 lots.
In the international market, silver fell 0.25 per cent to $17.93 an ounce in Singapore.
Traders attributed the fall in silver prices at the futures trade to a weak trend in precious metals in global markets and profit-booking by speculators.
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