2 months ago
1
Silver prices nosedived to deed their little circuit successful futures commercialized connected Monday (March 23, 2026), tumbling by ₹20,409 to ₹2.06 lakh per kilogram amid anemic planetary trends and sustained selling pressure.
On the Multi Commodity Exchange, metallic for May transportation slumped Rs 20,409, oregon 9 per cent, to Rs 2,06,363 per kilogram, its little circuit limit.
Analysts said the crisp autumn came contempt escalating tensions successful West Asia, arsenic broader macroeconomic factors weighed heavy connected precious metallic prices.
Silver prices person fallen sharply connected Monday contempt escalating West Asian tensions owed to overriding macroeconomic pressures, Hareesh V, Head of Commodity Research, Geojit Investments Ltd, said.
He added that a beardown U.S. dollar and rising Treasury enslaved yields person weakened bullion by expanding holding costs and making dollar-denominated metals much costly for planetary buyers.
In the planetary market, metallic futures connected the Comex for the May declaration declined by $6.51, 9.34 per cent, to $63.15 per ounce.
"Profit-taking and liquidity needs person besides triggered selling aft metals' earlier rally, with investors cashing retired to screen losses elsewhere," Hareesh said.
"Meanwhile, surging lipid prices person intensified ostentation fears, prompting expectations of delayed involvement complaint cuts, further putting unit connected assets specified arsenic silver. These forces person outweighed safe-haven demand, keeping precious metals nether downward pressure," helium said.
