Silver prices fell by ₹4,191 to ₹1,95,408 per kilogram in futures trade on Friday. Participants reduced their bets on the Multi Commodity Exchange, leading to a 2.1 per cent drop across 5,856 lots. Analysts said a sell-off by participants mainly weighed on silver prices, reflecting a wider global market trend.
Analysts say a sell-off by participants mainly weighed on silver prices
Silver prices on Friday fell by ₹4,191 to ₹1,95,408 per kilogram in futures trade as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for December delivery declined by ₹4,191, or 2.1 per cent, to ₹1,95,408 per kg in a business turnover of 5,856 lots.
Analysts said a sell-off by participants mainly weighed on silver prices.
Globally, the white metal was trading 1.01 per cent down at $54.01 per ounce in New York.