Silver Futures Decline on Reduced Bets
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Silver prices fell in India on Wednesday, driven by reduced bets from participants. The decline was also influenced by a sell-off in overseas markets.
New Delhi, May 14 (PTI) Silver prices on Wednesday declined Rs 117 to Rs 96,650 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for July delivery depreciated by Rs 117 or 0.12 per cent to Rs 96,650 per kg in a business turnover of 17,173 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 0.44 per cent lower at USD 32.78 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for July delivery depreciated by Rs 117 or 0.12 per cent to Rs 96,650 per kg in a business turnover of 17,173 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 0.44 per cent lower at USD 32.78 per ounce in New York.
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