Silver Futures Drop 1.55 Percent on MCX Due to Global Trends

Silver futures on the Multi Commodity Exchange fell by Rs 3,648, or 1.55 percent, to Rs 2,32,451 per kilogram during trade on Tuesday, July 7, 2026. The decline was driven by profit booking and a sell-off from traders reducing their positions in response to a weak global trend.

This downward movement mirrored international markets, where silver prices in New York traded 2.11 percent lower to reach USD 60.73 per ounce. During the session, September delivery contracts on the MCX saw a business turnover of 1,587 lots.