Silver futures fall on strong dollar

Silver kept losing its shine in futures trade, falling nearly 1 per cent to Rs 2.33 lakh per kilogram on Wednesday amid a strong dollar and escalating US-Iran tensions which dented investors’ appetite for the precious metal.

The white metal for December delivery declined for the fourth straight session, falling Rs 1,841, or nearly 1 per cent, to Rs 2,33,600 per kg on the Multi Commodity Exchange (MCX).