New Delhi, Jan. 15 -- Silver prices fell sharply on Thursday as investors booked profits after the US delayed imposing tariffs on imports of critical minerals. The metal had touched record highs in the previous session following a strong rally.

In international markets, silver prices dropped as much as 7.3%, while gold also traded lower. The white metal came under selling pressure after surging more than 20% over the past four sessions.

Spot silver price was trading 3.43% lower at $89.9920 an ounce, after hitting an all-time high of $93.57 earlier in the session.

US President Donald Trump said the administration would pursue bilateral agreements to secure adequate supplies of critical minerals, Bloomberg reported. He also floated the i...