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via economictimes.indiatimes.comMarkets

Silver hits 11-month low of Rs 1.95 lakh as crude stokes inflation fears

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

On the Multi Commodity Exchange (MCX), silver futures fell ₹6,799 per kg, or 3.4%, to ₹1,92,800 per kg on Friday. Prices have plunged ₹32,955, or more than 14%, over the past 10 sessions. A recent appreciation in the rupee has provided only limited relief against the decline in…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe silver slide on MCX futures is relevant for precious metals markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01MCX silver futures fell 3.4% to Rs 1,92,800 per kg on Friday.
  2. 02Prices have lost more than 14% over the past 10 sessions.
  3. 03A recent rupee appreciation provided only limited relief.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
SilverCOMMODITY:SILVERCommodity54.03 USD-0.25%today -1.77%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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