Silver sinks 2% to ₹2.62 lakh/kg in futures trade as inflation worries weigh
The Hindu
Silver prices drop 2% to ₹2.62 lakh/kg amid inflation concerns and rising crude oil prices in futures trade.
Silver price plunged by ₹5,354 to ₹2.62 lakh per kg in the futures trade on Friday (March 13, 2026) as rising crude oil prices and persistent inflationary concerns weighed on the investor sentiment.
On the Multi Commodity Exchange, the white metal for May delivery slumped by ₹5,354, or 2%, to ₹2,62,608 per kg in a business turnover of 5,900 lots.
Analysts said silver prices came under pressure amid a strong U.S. dollar and volatility in the global commodities market.
Silver prices declined as rising crude oil prices and strong inflation concerns in the U.S. overshadowed its safe-haven appeal, Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.
He added that the high inflationary risks have faded hopes for the interest rate cuts by the U.S. Federal Reserve.
In the international market, silver futures on the Comex for the May contract slipped $2.21, or nearly 3%, to $82.89 per ounce.
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