Markets

Silver Futures Drop to Rs 2.33 Lakh on Broad Sell-Off

By Markets Desk · 2026-09-12 · 1 min read

A polished, reflective silver ingot resting on a dark surface — Illustration: Tradingbird

Silver futures fell 0.31 percent to Rs 2,33,364 per kg on the MCX as global prices also declined in New York.

Silver futures closed at Rs 2,33,364 per kilogram on the Multi Commodity Exchange. This represented a decline of Rs 735 from the previous session. The drop marked a 0.31 percent decrease for December delivery contracts.

Market participants drove the price lower through active selling. Trading volume reached 13,394 lots during the session. Global prices mirrored this trend in New York markets.

Global Prices Reflect Local Weakness

The white metal traded at USD 64.381 per ounce in New York. This level was 0.84 percent lower than the prior close. The global decline aligned with the domestic sell-off observed on the MCX.

Participant Activity Drives the Decline

Analysts attributed the price movement primarily to participant sell-off. No single macroeconomic event triggered the move. The reduction in price was a direct result of market supply dynamics.

Source Data and Market Context

GN auto markets/commodities reported the specific figures for silver prices. The data confirms the directional shift in both domestic and international markets. The numbers provide a clear snapshot of the current sentiment.

Based on reporting by Rediff MoneyWiz, compiled by the Tradingbird desk.