On the Multi Commodity Exchange, silver contracts for March delivery tumbled by Rs 486, or 1.02 per cent, to Rs 47,081 per kg in a business turnover of 4,468 lots.
Besides, the white metal to be delivered in May fell by Rs 499, or 1.04 per cent, to Rs 47,680 per kg in 696 lots.
In the international market, silver prices traded 0.78 per cent lower at USD 18.13 an ounce in New York. VHP SHWSHW