COMMODITY
Silver futures drop after Fed’s hawkish stance
Mar-19-2026

Silver futures dropped on MCX following the US Federal Reserve's decision to hold key interest rates steady at 3.5%-3.75% for the second consecutive time. The US Fed's hawkish stance and a stronger dollar have also pressured silver prices, even as escalating geopolitical tensions in the Middle East kept silver in focus. 

The contract for May delivery was trading at Rs 237894.00, down by 4.15% or Rs 10300.00 from its previous closing of Rs 248194.00. The open interest of the contract stood at 6574 lots.

The contract for July delivery was trading at Rs 243870.00, down by 4.17% or Rs 10623.00 from its previous closing of Rs 254493.00. The open interest of the contract stood at 1151 lots on MCX.


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