Silver price drops to ₹1.95 lakh/kg in futures trade
Analysts say a sell-off by participants mainly weighed on silver prices
Silver prices plummeted by ₹4,191, reaching ₹1,95,408 per kilogram in futures trade on Friday, according to the Multi Commodity Exchange. The decline marked a 2.1% decrease in silver contracts for December delivery, with a trading volume of 5,856 lots. Analysts attributed the price drop to a significant sell-off by market participants. Globally, the price of silver was down by 1.01% to $54.01 per ounce in New York markets.
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