Silver futures drop 4.6 pc after record rally this year
MUMBAI: Precious metals, especially silver, took a breather on the final trading day of the year on Wednesday, after a run‑up to record high followed by aggressive profit‑booking.
Silver futures for March 2026 on MCX tumbled 4.63 per cent to Rs 2,39,395 per kg and gold futures for February 2026 slipped 0.51 per cent to Rs 1,35,973 per 10 grams in morning trade.
Volatility remained elevated amid geopolitical tensions such as US strikes on Venezuela’s dock facilities and Chinese naval exercises that bolstered safe‑haven demand earlier in the week.
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