Silver prices slide below Rs 2 lakh/kg, down nearly 55% from Jan peak. What’s behind the rapid selloff?
14 Articles
14 Articles
Silver has devalued more than 24% since the beginning of the year and dropped by more than 15% in the last month.
The Economic Times
Times of IndiaSilver prices slide below Rs 2 lakh/kg, down nearly 55% from Jan peak. What’s behind the rapid selloff?
MCX silver prices fell below Rs 2 lakh per kg after a sharp two-day decline, as a stronger dollar, elevated bond yields and hawkish US Federal Reserve expectations weighed on sentiment. Fresh import permits and industrial demand remain key factors for the outlook.
Gold and silver prices have fallen sharply in the domestic futures market. Silver has slipped below ₹200,000 on the MCX. The US Federal Reserve meeting will determine the market's future course.
Silver closed Friday at $53.83, its weakest close of 2026; its decline from the January peak of $121.74 reached 56 percent. Hedge funds closed positions, and all eyes are on the Fed meeting.
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