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Silver prices slide by 0.47 per cent in futures trade despite gains in global markets

Silver futures on the MCX fell Rs 1,067, or 0.47 per cent, to Rs 2,24,688 per kg on Monday as participants reduced their positions. Meanwhile, global silver prices rose 0.16 per cent to USD 60.91 per ounce in New York, showing a contrasting trend in domestic and international markets

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Representational image. File pic

Representational image. File pic

Silver prices on Monday fell Rs 1,067 to Rs 2,24,688 per kilogram in futures trade as participants reduced their bets.

On the Multi Commodity Exchange, silver contracts for December delivery declined by Rs 1,067, or 0.47 per cent, to Rs 2,24,688 per kg in a business turnover of 1,739 lots.

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