Silver futures drop Rs 152 to Rs 47,220 per kg

New Delhi, Mar 6 () Silver futures on Friday fell by Rs 152 to Rs 47,220 per kg as participants cut down their bets taking weak cues from overseas markets.

On the Multi Commodity Exchange, silver contracts for May delivery dropped by Rs 152, or 0.32 per cent, to Rs 47,220 per kg in a business turnover of 2,598 lots.

Besides, the white metal to be delivered in July fell by Rs 64, or 0.13 per cent, to Rs 47,811 per kg in 12 lots.

In the international market, silver prices traded 0.07 per cent lower at USD 17.38 an ounce in New York. VHP SHWSHW