Silver futures traded lower by Rs 44 at Rs 44,075 per kg on October 1 as participants cut down their bets, taking weak cues from overseas markets. On the Multi Commodity Exchange, silver contracts for December delivery dropped by Rs 44, or 0.1 percent, to Rs 44,075 per kg in a business turnover of 3,638 lots.

Gold on Monday drifted lower by Rs 240 to Rs 38,530 per 10 gram in the national capital following weak international prices, according to the source. Prices of silver also dropped Rs 775 to Rs 45,705 per kilogram, from Rs 46,480 per kilogram in the previous trade. Gold for 24 Karat on Saturday had closed at Rs 38,770 per 10 gram.

Silver prices fell by Rs 163 to Rs 46,443 per kg in futures trade on Friday as participants reduced their bets on low demand at the spot market even as the metal gained overseas. On Multi Commodity Exchange, silver for delivery in December was trading lower by Rs 163, or 0.35 percent, to Rs 46,443 per kg in a business turnover of 2,840 lots.