Silver futures tumble Rs 1,839 to Rs 88,541/kg

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Silver futures tumble Rs 1,839 to Rs 88,541/kg

 Silver prices on Thursday tumbled Rs 1,839 to Rs 88,541 per kilogram as participants reduced their bets.

 Silver prices on Thursday tumbled Rs 1,839 to Rs 88,541 per kilogram as participants reduced their bets.

On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 1,839 or 2.03 per cent to Rs 88,541 per kg in a business turnover of 31,621 lots.

Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.

Globally, silver wastrading 0.81 per cent higher at USD 29.58 per ounce in New York.

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