Silver Futures Plunge Rs 4,232 to Rs 2.55 Lakh/kg Amid Weak Demand, Strong Dollar

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Silver Futures Plunge Rs 4,232 to Rs 2.55 Lakh/kg Amid Weak Demand, Strong Dollar

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News18•16-03-2026, 13:00

Silver Futures Plunge Rs 4,232 to Rs 2.55 Lakh/kg Amid Weak Demand, Strong Dollar

•Silver futures for May delivery dropped Rs 4,232 (1.63%) to Rs 2,55,203 per kilogram on the Multi Commodity Exchange.
•The decline is attributed to weak domestic demand and a strong US dollar, impacting investor sentiment.
•Indian bullion dealers are offering unprecedented discounts of USD 83 per ounce, the highest since July 2016, indicating severely weak retail demand.
•Jewellers are refraining from purchases as they focus on closing their books for the financial year, further dampening demand.
•Globally, Comex silver fell to USD 80.06 per ounce; geopolitical tensions and upcoming central bank meetings also influence market sentiment.

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