Silver futures on the Multi Commodity Exchange (MCX) declined sharply by Rs 836 to Rs 2,36,999 per kilogram on Thursday due to a sell-off by participants.
The September delivery contracts of silver fell by 0.35% in a business turnover of 857 lots.
Analysts pointed out that the main reason behind the decline was a sell-off by participants, which had a significant impact on silver prices.
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