Silver futures on the Multi Commodity Exchange (MCX) fell to Rs 2.28 lakh/kg on August 19, despite global gains.
The prices dropped by Rs 4,023 for September delivery due to a sell-off in the market.
According to analysts, participants' reduced bets weighed heavily on silver prices.
Globally, the white metal was trading 0.99% up at USD 62.74 per ounce in New York.
More on Commodities
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