Silver Prices Crash 3.47% to Rs 81,950/kg
By Rediff Money Desk, New Delhi Jul 25, 2024 14:47
Silver futures prices plummeted on the Multi Commodity Exchange, driven by weaker global sentiment and economic concerns in China. Read more about the silver price crash.
![Silver Prices Crash 3.47% to Rs 81,950/kg](https://im.rediff.com/money/2018/oct/31silver.jpg)
New Delhi, Jul 25 (PTI) Silver prices on Thursday plunged by Rs 2,944 or 3.47 per cent to Rs 81,950 per kilogram on weaker global sentiments.
On the Multi Commodity Exchange, silver contracts for September delivery plummeted Rs 2,944 or 3.47 per cent to Rs 81,950 per kg in a business turnover of 27,605 lots.
Market analysts are seeing sharp declines in silver prices in the Asian markets amid weak sentiments, fuelled by mounting economic worries in China.
Globally, silver was trading 3.88 per cent lower at USD 28.18 per ounce in New York.
"Silver prices are unable to hold their gains due to weakness in the industrial metals and downbeat manufacturing activities in the US and the EU," Rahul Kalantri, VP of Commodities at Mehta Equities Ltd, said.
On the Multi Commodity Exchange, silver contracts for September delivery plummeted Rs 2,944 or 3.47 per cent to Rs 81,950 per kg in a business turnover of 27,605 lots.
Market analysts are seeing sharp declines in silver prices in the Asian markets amid weak sentiments, fuelled by mounting economic worries in China.
Globally, silver was trading 3.88 per cent lower at USD 28.18 per ounce in New York.
"Silver prices are unable to hold their gains due to weakness in the industrial metals and downbeat manufacturing activities in the US and the EU," Rahul Kalantri, VP of Commodities at Mehta Equities Ltd, said.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 3.03 ( -4.72)
- 257562976
- Vodafone Idea L
- 15.98 (+ 5.13)
- 59384877
- Khoobsurat
- 1.87 (+ 4.47)
- 53564105
- Srestha Finvest
- 2.41 ( -1.23)
- 34967793
- NCL Research
- 1.01 ( -1.94)
- 27741245
MORE NEWS
![NTPC Q1 Profit...](https://im.rediff.com/80-80/money/2024/jun/15june-ntpc.jpg)
NTPC Q1 Profit Surges 12% to Rs 5,500 Cr
NTPC's consolidated net profit for the June quarter rose 12% to Rs 5,506.07 crore,...
![Pakistan Seeks...](https://im.rediff.com/80-80/money/2015/feb/12china1.jpg)
Pakistan Seeks Energy Loan Restructuring from...
Pakistan's finance and energy ministers are in Beijing to negotiate debt rescheduling...
Marina Harley-Davidson Opens Second Dealership...
Marina Harley-Davidson has opened its second dealership in Chennai, offering sales and...