India, Nov. 3 -- Silver prices declined sharply by over 3% to Rs. 1.77 lakh per kg in futures trade on Tuesday as investors reduced their exposure ahead of the US midterm election outcome and reassessed the interest rate outlook.
On the Multi Commodity Exchange (MCX), silver contracts for December delivery plunged Rs. 6,168, or 3.36%, to Rs. 1,77,611 per kg.
The decline came as investors adopted a cautious approach amid uncertainty surrounding the US election outcome and expectations regarding the future interest rate trajectory.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....