Silver dipped Rs 123 to Rs 60,834 per kg from Rs 60,957 per kg in the previous trade.
On Wednesday, the rupee recovered from its record low to close 20 paise higher at 77.51 (provisional) against the American currency.
In the international market, both gold and silver traded flat at USD 1,836.44 per ounce and USD 21.62 per ounce, respectively.
“Gold prices traded steady with spot prices at COMEX trading almost flat near USD 1,836 per ounce on Wednesday. Gold prices capped upside on stronger dollar and firm US bond yields,” said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.