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Silver Futures Drop for Second Day Amidst US Fed Rate Hike Expectations
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News18•22-09-2026, 13:45
Silver Futures Drop for Second Day Amidst US Fed Rate Hike Expectations
- •Silver futures fell by Rs 1,743 to Rs 2.37 lakh per kilogram on Tuesday, marking a second consecutive day of decline.
- •The depreciation is attributed to growing expectations that the US Federal Reserve will maintain higher policy rates for an extended period.
- •On the Multi Commodity Exchange (MCX), December delivery silver futures depreciated by nearly 1 percent to Rs 2,37,574 per kg.
- •Comex silver futures for December also weakened in overseas markets, falling 1 percent to USD 65.75 per ounce in New York.
- •Market focus is now on comments from US Federal Reserve officials for clues on future policy direction, especially regarding a potential October rate hike.
Key Questions Answered
Silver futures fell due to growing expectations that the US Federal Reserve will keep its policy interest rates higher for longer.
Silver futures for December delivery on the Multi Commodity Exchange depreciated by Rs 1,743, dropping to Rs 2,37,574 per kilogram.
Comex futures for the December contract fell by 1 per cent to USD 65.75 per ounce in New York.
