Silver futures decline to ₹1.95 lakh/kg
Silver contracts for December delivery on the MCX fell 0.72% to ₹1,95,301/kg in a turnover of 1,089 lots (down ₹1,416)
Silver futures prices dropped by ₹1,416 to ₹1,95,301 per kilogram in Wednesday's trading, according to the Multi Commodity Exchange. The December delivery contracts saw a decline of ₹1,416, or 0.72 per cent, with a business turnover of 1,089 lots. Analysts attributed the sell-off to participants, suggesting it was the primary reason for the downward pressure on silver prices. Globally, the white metal was down by 1.01 per cent at USD 53.87 per ounce in New York.
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