After a sharp rally, MCX Silver March futures saw a steep correction on Monday, plunging nearly Rs 21,000 per kg within an hour of afternoon trade to hit an intraday low of Rs 2,33,120 per kg, as investors rushed to book profits. This happened after prices had gone up to a record Rs 2,54,174 earlier in the session, ET reported. Worldwide, amid some indicative ease regarding geopolitical tensions, silver prices were unpredictable, as they moved sharply up and down, but reached USD 80 per ounce for a short time before slipping down below USD 75 on Monday. The reduction in geopolitical tensions eliminated the demand for safe-haven across all precious metals markets, sparking sharp profit-booking. The fall in silver prices also shows a wider period of profit booking across the bullion market, due to reducing geopolitical risks effecting safe haven demand.

Source: dna December 29, 2025 13:36 UTC