Silver Futures Fall as Traders Reduce Their Bets

Silver futures are contracts that let people trade silver for delivery later.

Their price in the reported market went down by Rs 4,023 per kilogram.

The price reached Rs 2,28,396 per kilogram.

September contracts fell by 1.73 per cent.

Analysts said traders were selling and reducing their positions.

This selling pushed the futures price lower.

However, silver prices in New York were moving in the opposite direction.

There, silver was up 0.99 per cent at $62.74 per ounce.