Silver Prices Crash by ₹33,000 in 10 Sessions on MCX

Silver Prices Crash by ₹33,000 in 10 Sessions on MCX

Silver prices continued their downward trend in the domestic futures market, with December silver contracts on the Multi Commodity Exchange (MCX) plunging by ₹6,799 to ₹1,92,800 per kilogram on Friday.

The precious metal has witnessed a sharp decline of nearly ₹33,000 over the past 10 trading sessions, putting significant pressure on market sentiment.

The ongoing fall in silver prices is being driven by weakness in international markets, persistently high crude oil prices and growing concerns that the US Federal Reserve may adopt a tighter monetary policy. These factors have weighed heavily on precious metals, extending silver’s losing streak.

[Silver Price Crash, MCX Silver Rates, Silver Price Today, Precious Metals Market, Commodity Market]

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