Silver futures fall on reduced betsAnalysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
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An image showing silver bars
Credit: Reuters Photo
New Delhi: Silver prices on Wednesday declined Rs 341 to Rs 1,06,408 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for July delivery decreased Rs 341, or 0.32 per cent, to Rs 1,06,408 per kilogram in a business turnover of 21,128 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
Globally, silver futures was trading 0.05 per cent lower at USD 36.63 per ounce in New York.