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Commodities

Silver Prices Plummet on MCX Amid Reduced Participant Bets

Guavy AI Editorial Team
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Silver
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Silver prices plummeted on Monday, falling by ₹1,955 to ₹2.40 lakh per kilogram in futures trade as participants reduced their bets.

On the Multi Commodity Exchange (MCX), silver contracts for December delivery declined by 0.81% to ₹2,40,489 per kg in a business turnover of 2,004 lots.

Analysts attributed the sell-off to participants mainly weighing on silver prices.

Globally, the white metal was trading down at $68.22 per ounce in New York, with a decline of 1.04%.

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