Silver Futures Plunge: Prices Drop Rs 671 to Rs 98,805/kg
Silver prices slumped by Rs 671 on Thursday, reaching Rs 98,805 per kilogram due to reduced bets by participants. Learn more about the silver market trends.
New Delhi, Mar 13 (PTI) Silver prices on Thursday slumped by Rs 671 to Rs 98,805 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for May delivery depreciated by Rs 671 or 0.67 per cent to Rs 98,805 per kg in a business turnover of 22,416 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 0.63 per cent lower at USD 33.53 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for May delivery depreciated by Rs 671 or 0.67 per cent to Rs 98,805 per kg in a business turnover of 22,416 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 0.63 per cent lower at USD 33.53 per ounce in New York.
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