India, June 8 -- Silver prices witnessed a sharp decline in futures trade on Monday as traders pared their positions amid profit-booking and weak market sentiment.
On the Multi Commodity Exchange (MCX), silver contracts for July delivery fell by Rs 8,245, or 3.32%, to Rs 2,40,292 per kilogram, with a trading volume of 3,948 lots.
Market analysts attributed the decline primarily to a broad sell-off by market participants, which weighed on silver prices in the futures market.
Investors will continue to monitor global precious metal trends, currency movements, and macroeconomic developments for further direction in silver prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....