Silver futures diverge: up Rs 2,369, then down Rs 271

Silver prices moved in opposite directions on the Multi Commodity Exchange depending on the date of reporting. On August 21, 2026, BusinessLine reported that silver futures for September delivery rose Rs 2,369, or 0.97%, to Rs 2.45 lakh per kg, driven by fresh positions built up by participants and a firm global trend. In contrast, The Hans India reported that on July 31, 2026, silver futures fell Rs 271 to Rs 2.17 lakh per kg on subdued domestic demand and weak global cues.

The divergent figures reflect different trading sessions: The Hans India covered a slump in late July, while BusinessLine reported a recovery in late August. BusinessLine also noted that in overseas markets, silver futures gained 1.28% to $68.95 per ounce. Traders cited lower domestic demand and overseas weakness for the earlier decline, while analysts pointed to fresh long positions for the later rise.

Crude oil futures, reported separately by BusinessLine on August 21, fell Rs 18 to Rs 8,286 per barrel, tracking weak global trends. West Texas Intermediate crude traded 0.58% lower at $86.33 per barrel, and Brent crude fell 0.35% to $93.45 per barrel.