India, May 29 -- Silver futures traded lower on Friday as market participants reduced their positions, leading to profit-booking in the precious metal.
On the Multi Commodity Exchange (MCX), the July delivery contract declined by Rs 1,322, or 0.49%, to Rs 2,68,215 per kg, with a business turnover of 749 lots.
According to market participants, the decline was largely driven by selling pressure and position unwinding, which weighed on silver prices during the session.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....