COMMODITY
Silver futures decline on weak demand
Oct-31-2024

Silver futures declined on MCX on weak demand from industries and jewellers due to increased political uncertainty in the United States and Japan. Meanwhile investors were also awaiting the National People's Congress meeting on November 4-8, where potential stimulus announcements from China could influence market sentiment further.

The contract for December delivery was trading at Rs 97087.00, down by 0.67% or Rs 653.00 from its previous closing of Rs 97740.00. The open interest of the contract stood at 22697 lots.

The contract for March delivery was trading at Rs 99567.00, down by 0.59% or Rs 590.00 from its previous closing of Rs 100157.00. The open interest of the contract stood at 2801 lots on MCX.

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