New Delhi, March 23 -- Silver prices extended their sharp fall on Monday, March 23, as rising geopolitical tensions in the Middle East rattled global markets and pushed investors away from precious metals.

On the domestic front, MCX silver prices declined 6% or Rs.13,606 at Rs.2,13,166 per kg, while MCX gold also slipped around 5% or Rs.7,115 to Rs.1,37,377 per 10 gram, tracking weakness in global markets.

In the international market, spot silver fell 3.2% to $65.61 per ounce, while spot gold dropped 2.5% to $4,372.86 per ounce. Gold has now fallen for nine straight sessions, hitting its lowest level since early January and losing more than 10% over the past week.

Meanwhile, U.S. gold futures plunged 4.4% to $4,375.60 per ounce, indica...