New Delhi, Oct. 30 -- The crash in silver prices deepened further in Friday's trade, with the December delivery contract on the Multi Commodity Exchange (MCX) plunging another Rs.10,577 per kg. The contract broke below the Rs.1.80 lakh mark to hit the day's low of Rs.1,79,600 per kg.

The white metal was last seen trading around these levels in December. Friday's losses widened its October decline to nearly Rs.45,000 per kg, putting it on track for its biggest monthly fall of 2026.

Silver, which enjoyed an uninterrupted bull run in 2025, has given up more than 50% of those gains as rising crude oil prices and persistent inflation concerns reinforced expectations of US interest rate hikes.

Similarly, gold prices extended their decline fo...