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(05/06/2026 13:01)

Silver futures decline over 2% on profit booking

Silver prices witnessed sharp selling pressure on Friday, with futures contracts falling by Rs 5,811, or 2.19%, to Rs 2,58,985 per kg as traders reduced their positions.

On the Multi Commodity Exchange, silver contracts for July delivery declined amid a business turnover of 3,503 lots.

According to market analysts, the decline was primarily driven by profit booking and a reduction in bullish bets by market participants, leading to a broad-based sell-off in silver futures.
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