Silver Crashes 24%, Gold Slides 9% on MCX Futures Sell-Off
Commodities
C
CNBC TV18•30-01-2026, 23:36
Silver Crashes 24%, Gold Slides 9% on MCX Futures Sell-Off
- •Silver 5 March futures contract on MCX plunged 24% (₹95,974) to ₹3,03,919 per kg.
- •Gold futures on MCX fell 9% to ₹1,54,158 per 10 grams.
- •The sharp decline is attributed to aggressive profit booking, firmer global bond yields, and improved risk appetite.
- •Silver's steeper fall is partly due to its higher industrial exposure and concerns over global manufacturing demand.
- •The sell-off reflects intraday losses in MCX futures, not retail bullion prices.
Why It Matters: Precious metals experienced a sharp sell-off on MCX due to profit booking and shifting market sentiment.
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