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(15/05/2026 14:34)

Silver futures tumble nearly 6% to Rs 2.74 lakh/kg amid global selloff

Silver prices plunged by Rs 16,352 to Rs 2.74 lakh per kilogram in futures trade on Friday, mirroring a sharp decline in global markets amid rising concerns over US inflation and renewed expectations of interest rate hikes by the Federal Reserve.

On the Multi Commodity Exchange (MCX), silver contracts for July delivery dropped by Rs 16,352, or 5.62 percent, to Rs 2,74,750 per kilogram with a business turnover of 7,908 lots.

Analysts said silver prices came under pressure due to a stronger US dollar, rising Treasury bond yields and broad-based weakness across the precious metals segment.
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