New Delhi, June 4: Silver prices declined in futures trade on Thursday, reflecting weak global market trends and renewed concerns over inflationary pressures linked to elevated crude oil prices.
On the Multi Commodity Exchange (MCX), silver for July delivery fell by ₹621, or 0.24%, to ₹2,62,337 per kilogram. Market activity was recorded across a trading volume of 11,830 lots.
Analysts attributed the decline to cautious global sentiment, as ongoing geopolitical tensions in West Asia continue to keep energy markets volatile. Rising crude oil prices have fueled concerns that inflation may remain elevated, potentially delaying interest rate cuts by major central banks.
Market observers noted that precious metals remain sensitive to macroeconomic signals, with inflation expectations and global risk sentiment playing a key role in short-term price movements.
Overall, the trading pattern reflects a cautious outlook among investors amid uncertainty in global energy and monetary policy trends.