Silver futures decline to Rs 2.28 lakh/kg

NEW DELHI: (Aug 19) Silver prices on Wednesday fell by Rs 4,023 to Rs 2,28,396 per kilogram in futures trade as participants reduced their bets.

On the Multi Commodity Exchange, silver contracts for September delivery declined by Rs 4,023, or 1.73 per cent, to Rs 2,28,396 per kg in a business turnover of 2,577 lots.

Analysts said a sell-off by participants mainly weighed on silver prices.