Silver Futures Plunge: Rs 1,839 Drop to Rs 88,541/kg
Silver prices on the Multi Commodity Exchange tumbled Rs 1,839 to Rs 88,541 per kilogram on Thursday due to a sell-off by participants. Analysts attribute the decline to reduced bets at existing levels.
New Delhi, Dec 19 (PTI) Silver prices on Thursday tumbled Rs 1,839 to Rs 88,541 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 1,839 or 2.03 per cent to Rs 88,541 per kg in a business turnover of 31,621 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
Globally, silver was trading 0.81 per cent higher at USD 29.58 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 1,839 or 2.03 per cent to Rs 88,541 per kg in a business turnover of 31,621 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
Globally, silver was trading 0.81 per cent higher at USD 29.58 per ounce in New York.
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