Silver Futures Decline on Reduced Bets - PTI
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Silver prices fell on Tuesday, declining by Rs 181 to Rs 95,272 per kilogram on the Multi Commodity Exchange. Analysts cite reduced bets and sell-offs as driving the decline.
New Delhi, May 20 (PTI) Silver prices on Tuesday declined Rs 181 to Rs 95,272 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for July delivery depreciated by Rs 181 or 0.19 per cent to Rs 95,272 per kg in a business turnover of 21,096 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
In overseas markets, silver futures was trading 0.14 per cent lower at USD 32.31 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for July delivery depreciated by Rs 181 or 0.19 per cent to Rs 95,272 per kg in a business turnover of 21,096 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
In overseas markets, silver futures was trading 0.14 per cent lower at USD 32.31 per ounce in New York.
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