Silver Futures Plunge Rs 681: Price Drops to Rs 94,614/kg - PTI
Silver prices fell sharply on Tuesday, dropping Rs 681 to Rs 94,614 per kilogram on the Multi Commodity Exchange. Analysts attribute the decline to sell-off by market participants.
New Delhi, Feb 11 (PTI) Silver prices on Tuesday fell Rs 681 to Rs 94,614 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 681 or 0.71 per cent to Rs 94,614 per kg in a business turnover of 21,019 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
Globally, silver was trading 0.21 per cent higher at USD 31.98 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 681 or 0.71 per cent to Rs 94,614 per kg in a business turnover of 21,019 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
Globally, silver was trading 0.21 per cent higher at USD 31.98 per ounce in New York.
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