Silver prices dropped in futures trade on Tuesday following a sell-off by market participants. Contracts for September delivery on the Multi Commodity Exchange saw a decline of 0.37 per cent.
Silver prices on Tuesday experienced a decline in futures trade, falling by ₹903 to ₹2,43,317 per kilogram as participants reduced their bets in the market.
On the Multi Commodity Exchange (MCX), silver contracts designated for September delivery dropped by ₹903, marking a 0.37 per cent decrease. The trading session recorded a business turnover of 1,702 lots for the precious metal.
Market analysts noted that the downward movement was primarily driven by a sell-off among participants, which weighed heavily on domestic silver prices during the session.
In international markets, the white metal also followed a downward trend. Globally, silver was trading 1.04 per cent lower at $68.22 per ounce in New York.
"Commodity markets are inherently sensitive to shifting sentiment and prompt position adjustments by traders. The recent dip in silver futures reflects domestic selling pressure aligning with a broader downward trend in international markets. For businesses and investors dealing in precious metals, monitoring global price movements alongside domestic turnover on exchanges like the MCX remains essential for navigating short-term market volatility." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
Recommended Reading
Recent StartupLanes Articles
Browse through our 30 latest publications on venture capital, startups, and angel investing.
Gold Prices Decline for Sixth Consecutive Session, Falling ₹2,100 to ₹1.56 Lakh per 10 Grams
Sep 24, 2026
Uttar Pradesh Launches UPCOS to Manage and Protect Outsourced Workforce
Sep 24, 2026
Uber Cuts 10% of Global Workforce in Major Restructuring to Simplify Management Layers
Sep 24, 2026
EPFO Introduces One-Time Amnesty Scheme for Private Provident Fund Trusts
Sep 24, 2026
Maruti Suzuki MD Hisashi Takeuchi Emphasizes Cybersecurity as Auto Industry Digitalises
Sep 24, 2026
India Must Review Green Finance Frameworks to Unlock Nuclear Investment, Says NITI Aayog's Abhay Karandikar
Sep 24, 2026
Indian Wheat Prices Rise by ₹150 per Quintal Following Export Ban Lift
Sep 24, 2026
State-owned Dredging Corporation of India plans ₹3,560-crore fleet expansion and ship-repair tie-ups
Sep 24, 2026
ASSOCHAM Study Highlights $1.5 Billion Wheat Export Opportunity for India Amid Global Market Shifts
Sep 24, 2026
Study Highlights South Asia's Dominance in Global Ship Recycling, Led by India's Alang
Sep 24, 2026
Pernia’s Pop-Up Shop Parent Purple Style Labs Closes ₹680 Crore IPO at 1.29x Subscription
Sep 24, 2026
BPCL and CSE Sign MoU to Collaborate on Biofuels and Circular Economy Initiatives
Sep 24, 2026
KFintech Unveils ARYA, an AI Platform for Mutual Fund Transactions
Sep 24, 2026
Chenab Basin Accounts for Majority of Jammu & Kashmir's Untapped Hydropower Potential
Sep 24, 2026
JM Financial AMC Secures ₹700 Crore at First Close of Maiden Pre-IPO Fund
Sep 24, 2026
Athleisure Brand Cava Launches Co-Created Collection With Actor Khushi Kapoor
Sep 24, 2026
Futura MedTech Appoints Abhishek Bhargava as Group CEO
Sep 24, 2026
Godrej Industries Group Hosts Third National Chemistry Day Summit to Discuss Industry Resilience
Sep 24, 2026
India's Gold Loan Growth Driven by Higher Prices and Repeat Borrowers, Report Shows
Sep 24, 2026
Indian IT Stocks Stage Rebound Amid US Tech Sell-Off and Q1 Earnings
Sep 24, 2026
Piccadily’s Camikara Rum Wins Multiple International Awards at Competitions in UK and US
Sep 24, 2026
Myntra and VERO MODA Partner to Launch Marilyn Monroe Centenary Capsule Collection
Sep 24, 2026
Lenovo IdeaPad Slim 3i Gen 11 Review: Performance, Battery Life, and Pricing Analysis
Sep 24, 2026
VinFast Refutes Claims of Halting Electric Vehicle Production Plans in India
Sep 24, 2026
Diagnostic Report Highlights Climate Risks and Structural Vulnerabilities for India's Small-Scale Fishers
Sep 24, 2026
CCPA Fines Dial4Trade Technologies ₹10 Lakh for Unauthorised Online Sale of Ammonium Nitrate
Sep 24, 2026
Rupee settles flat at 94.97 against US dollar amid weak domestic equities
Sep 24, 2026
Women’s Intimates Brand Tilt Secures ₹3 Crore Seed Funding from Deepak Bhagnani Family Office
Sep 24, 2026
ICAR-CIFT Secures Indian Patent for Waterless Live Transportation Technology for Aquatic Species
Sep 24, 2026
South-West Monsoon Likely to Remain Active Through Mid-September, Says IMD
Sep 24, 2026