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Commodities

MCX Silver Futures Plummet by Rs 792 Amid Reduced Bets

Guavy AI Editorial Team
Instruments
Silver
Share

Silver futures on the Multi Commodity Exchange (MCX) fell by Rs 792 to Rs 2,26,792 per kilogram in futures trade as participants reduced their bets.

The price decline was also influenced by a global sell-off in silver prices, which were trading 0.73% down at USD 61.59 per ounce in New York on Thursday.

Analysts attributed the fall in silver prices to a reduction in participant bets, with no specific mention of any external factors that may have contributed to the decline.

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