Silver Futures Drop Rs 235 to Rs 96,878/kg
Silver prices fell by Rs 235 to Rs 96,878 per kilogram on the Multi Commodity Exchange (MCX) on Friday, as participants reduced their bets. Analysts attributed the decline to selling pressure at existing levels.
Photograph: Amit Dave/Reuters
New Delhi, Feb 21 (PTI) Silver prices on Friday fell by Rs 235 to Rs 96,878 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 235 or 0.24 per cent to Rs 96,878 per kg in a business turnover of 17,715 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
Globally, silver was trading 0.47 per cent lower at USD 32.80 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 235 or 0.24 per cent to Rs 96,878 per kg in a business turnover of 17,715 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
Globally, silver was trading 0.47 per cent lower at USD 32.80 per ounce in New York.
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