3 hrs ago
Silver Futures Drop Rs 6,477 To Rs 2.28 Lakh
Silver prices went down on Monday.
December silver futures became cheaper by Rs 6,477 per kilogram.
The price reached Rs 2,28,219 per kilogram.
This trading happened on the Multi Commodity Exchange.
A total of 3,501 lots were traded.
Analysts said many participants sold their contracts.
This selling pushed the price lower.
Silver prices also fell in New York, where they were down 4.09% to USD 61.66 per ounce.
Silver futures for December delivery fell Rs 6,477, or 2.76%, to Rs 2,28,219 per kilogram.
The decline occurred on the Multi Commodity Exchange during Monday’s trading.
Trading recorded a business turnover of 3,501 lots.
Analysts attributed the fall mainly to participants selling silver contracts.
Globally, silver prices fell 4.09% to USD 61.66 per ounce in New York.
- Who
- Silver-market participants and analysts; the Multi Commodity Exchange recorded the trading.
- What
- December silver futures fell Rs 6,477, or 2.76%, to Rs 2,28,219 per kilogram.
- Where
- On the Multi Commodity Exchange and in global trading in New York.
- When
- Monday.
- Why
- Participants reduced their bets and a sell-off weighed on silver prices.
Key facts
- Contract
- Silver futures for December delivery
- Price
- Rs 2,28,219 per kilogram
- Price change
- Down Rs 6,477, or 2.76%
- Trading venue
- Multi Commodity Exchange
- Business turnover
- 3,501 lots
- Global price
- USD 61.66 per ounce in New York
- Global change
- Down 4.09%
Sources
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