MCX Silver Falls to Record Low of Rs 2.39 Lakh Per Kg Amid Global Market Pressure

Silver futures on the Multi Commodity Exchange (MCX) fell to Rs 2.39 lakh per kg on September 21, driven by pressure in precious metals globally.

The MCX silver contract declined during the session as traders assessed developments in global markets and changing expectations around interest rates.

Silver prices are influenced by movements in global bullion markets, the US dollar, interest-rate expectations, and demand from industrial users. The precious metal remains sensitive to shifts in investor sentiment due to its monetary and industrial applications.

Global factors such as the dollar and US Treasury yields also impact international precious-metal prices, which in turn affect domestic futures on MCX.