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Silver Futures Plunge to Rs 2.28 Lakh/kg Amidst Participant Sell-Off
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News18•28-09-2026, 13:15
Silver Futures Plunge to Rs 2.28 Lakh/kg Amidst Participant Sell-Off
- •Silver prices on Monday fell by Rs 6,477 to Rs 2,28,219 per kilogram in futures trade.
- •On the Multi Commodity Exchange, December delivery contracts declined by 2.76 per cent.
- •The decline was attributed to a sell-off by participants reducing their bets.
- •Globally, the white metal was trading 4.09 per cent down at USD 61.66 per ounce in New York.
Key Questions Answered
Silver contracts for December delivery declined by Rs 6,477, or 2.76 per cent, to settle at Rs 2,28,219 per kilogram in futures trade.
Analysts noted that the drop in prices was mainly driven by a sell-off as participants reduced their bets in futures trade.
On the global front, the white metal traded down by 4.09 per cent at USD 61.66 per ounce in New York markets.