Silver Futures Plunge: Rs 546 Drop to Rs 92,087/kg
Silver prices tumbled Rs 546 on the Multi Commodity Exchange, closing at Rs 92,087 per kg on Friday, driven by participant sell-offs and global market trends.
New Delhi, Dec 13 (PTI) Silver prices on Friday plummeted Rs 546 to Rs 92,087 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 546 or 0.59 per cent to Rs 92,087 per kg in a business turnover of 24,192 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
Globally, silver was trading 0.16 per cent lower at USD 30.94 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 546 or 0.59 per cent to Rs 92,087 per kg in a business turnover of 24,192 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
Globally, silver was trading 0.16 per cent lower at USD 30.94 per ounce in New York.
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