Silver futures plunge Rs 748 to Rs 35,459 per kg

New Delhi, Mar 17 () Silver futures on Tuesday plunged Rs 748 to Rs 35,459 per kg as participants cut down their bets taking weak cues from overseas markets.

On the Multi Commodity Exchange, silver contracts for May delivery tumbled by Rs 748, or 2.07 per cent, to Rs 35,459 per kg in a business turnover of 7,914 lots.

Besides, the white metal to be delivered in July fell by Rs 733, or 1.99 per cent, to Rs 36,024 per kg in 374 lots.

In the international market, silver prices traded 1.10 per cent lower at USD 12.68 an ounce in New York.

Analysts said weak trend overseas mainly kept pressure on silver prices at futures prices here. VHP SHWSHW