Silver Prices Tumble on MCX by Rs 792
Silver futures on the Multi Commodity Exchange (MCX) fell by Rs 792 to Rs 2,26,792 per kilogram on August 6, as participants reduced their bets. The September delivery contracts declined 0.35% in a business turnover of 1,700 lots.
The analysts pointed out that the sell-off by participants mainly weighed on silver prices. Globally, the white metal was trading 0.73% down at USD 61.59 per ounce in New York.