Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

MCX Silver Prices Tumble as Local Bets Are Reduced

Guavy AI Editorial Team
Instruments
Silver
Share

Silver futures on the Multi Commodity Exchange (MCX) dropped by Rs 851 to Rs 2,34,596 per kilogram on August 14 due to a sell-off by participants.

The decline was driven mainly by a reduction in bets from market players. Silver contracts for September delivery fell by 0.36 percent in a business turnover of 3,644 lots.

Despite the local downturn, silver prices globally were trading up at USD 64.67 per ounce in New York, indicating mixed sentiment.

More on Commodities

Commodities 4m ago

Silver Squeezed Between Bullish Fundamentals and Cautious Profit-Taking

Commodities 4m ago

India's Gold Prices Drop as Global Markets Weaken

Commodities 6m ago

US-Iran Tensions Send Oil Prices Rising Amid Supply Concerns

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy