Silver Futures Decline on Reduced Bets - PTI
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Silver prices fell on Thursday due to reduced bets by participants, according to PTI. The Multi Commodity Exchange saw silver contracts for July delivery depreciate by 0.39 percent to Rs 95,364 per kg.
New Delhi, May 8 (PTI) Silver prices on Thursday declined Rs 369 to Rs 95,364 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for July delivery depreciated by Rs 369 or 0.39 per cent to Rs 95,364 per kg in a business turnover of 17,556 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
In the overseas markets, silver futures was trading 0.03 per cent lower at USD 32.44 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for July delivery depreciated by Rs 369 or 0.39 per cent to Rs 95,364 per kg in a business turnover of 17,556 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
In the overseas markets, silver futures was trading 0.03 per cent lower at USD 32.44 per ounce in New York.
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