Commodities
Silver Futures Plummet on MCX Amid Global Price Rise
Silver futures prices on the Multi Commodity Exchange (MCX) plummeted by Rs 851 to Rs 2,34,596 per kilogram due to a sell-off by participants.
The decline was observed in contracts for September delivery, which saw a business turnover of 3,644 lots.
Analysts attributed the fall in silver prices primarily to a sell-off by participants, despite the global price of the white metal rising 0.29% to USD 64.67 per ounce in New York.