stockists And due to selling by retailers, the price of silver fell by Rs 4900 to Rs 90,900 per kg in the bullion market of the capital Delhi on Thursday. All India Bullion Association has shared the latest price information related to silver price. Apart from this, this decline in silver prices has also been recorded due to weak demand from jewelers and coin manufacturers. Earlier, on November 4, a fall of Rs 4600 was recorded in silver.
There was a tremendous rise in silver prices on Wednesday
Let us tell you that on Wednesday itself, the biggest rise in silver in one day was seen. On Wednesday, the price of silver in Delhi rose by Rs 5200 to Rs 95,800 per kg. With this rise on Wednesday, the price of silver in Delhi had reached the level of Rs 95,000 per kg after a gap of two weeks. Traders said sentiment here weakened in line with a strong trend overseas amid uncertainty over the impact of US President-elect Donald Trump's tariff plans on economic prospects and uncertainty over the Federal Reserve's (Fed) interest rate outlook.
Silver futures prices also fall on Comex
Meanwhile, in the international market, Comex silver futures fell 0.15 percent to $ 30.51 an ounce. Silver prices fell by Rs 656 to Rs 87,024 per kg in futures trade on Thursday as traders reduced the size of their deals amid weak spot demand.
Silver price also fell on Multi Commodity Exchange
On the Multi Commodity Exchange (MCX), the price of silver contract for delivery in December fell by Rs 656, or 0.75 percent, to Rs 87,024 per kg. 9,771 lots were traded in this. Market experts said that at the current level, silver futures prices have fallen due to selling by traders. Globally, silver fell 0.72 per cent to $29.88 an ounce in New York.
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