COMMODITY
Silver futures drop marginally on stronger dollar
Apr-06-2026

Silver futures dropped marginally on MCX as speculators trimmed their positions amid a stronger dollar and rising US Treasury yields after robust US jobs data dampened expectations of Federal Reserve rate cuts. Silver weakened further after Trump issued a fresh ultimatum to Iran and warned of strikes on its power plants and other civilian infrastructure if the Strait of Hormuz is not reopened.

The contract for May delivery was trading at Rs 232237.00, down by 0.11% or Rs 258.00 from its previous closing of Rs 232495.00. The open interest of the contract stood at 5760 lots.

The contract for July delivery was trading at Rs 237495.00, down by 0.10% or Rs 239.00 from its previous closing of Rs 237734.00. The open interest of the contract stood at 1227 lots on MCX.

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