India, March 23 -- Silver prices tumbled sharply on Monday, hitting the lower circuit in futures trade as they dropped Rs 20,409 to Rs 2.06 lakh per kilogram amid weak global trends and continued selling pressure.
On the Multi Commodity Exchange (MCX), silver contracts for May delivery fell by Rs 20,409, or 9 per cent, to Rs 2,06,363 per kilogram—touching the lower circuit limit.
Analysts noted that despite rising geopolitical tensions in West Asia, broader macroeconomic factors and global market weakness weighed heavily on silver prices, driving the steep decline.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....