MCX Silver Prices Drop Below Rs 250,000 Mark

0 min read     Updated on 02 Feb 2026, 09:26 AM
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Reviewed by
Radhika SScanX News Team
Overview

Silver prices on the Multi Commodity Exchange (MCX) have declined below the Rs 250,000 mark, representing a significant price movement that impacts trading positions and market sentiment in the precious metals segment, with traders monitoring this threshold as a key technical indicator.

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*this image is generated using AI for illustrative purposes only.

Silver prices on the Multi Commodity Exchange (MCX) have declined below the Rs 250,000 mark, indicating a downward trend in the precious metal's valuation on India's premier commodity trading platform.

Market Movement Analysis

The drop below the Rs 250,000 level represents a significant price point for silver traders and investors monitoring the commodity markets. This decline affects trading positions and market sentiment in the precious metals segment.

Parameter: Details
Price Level: Below Rs 250,000
Exchange: Multi Commodity Exchange (MCX)
Market Trend: Downward
Impact Area: Precious Metals Segment

Trading Implications

The price movement below this key threshold level may influence trading strategies and investor decisions in the silver market. Market participants typically monitor such benchmark levels as they can indicate broader trends in precious metal valuations on the exchange platform.

This development comes as traders reassess their positions in the precious metals market, with the breach of the Rs 250,000 mark serving as a technical indicator for future price movements.

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Spot Silver Extends Sharp Decline, Falls Over 30% to $80.49 Per Ounce

0 min read     Updated on 30 Jan 2026, 11:51 PM
scanx
Reviewed by
Radhika SScanX News Team
Overview

Spot silver has extended its sharp decline, falling over 30% to trade at $80.49 per ounce. The precious metal continues to face significant selling pressure, reflecting challenging market conditions and highlighting the volatility in the precious metals sector.

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*this image is generated using AI for illustrative purposes only.

Spot silver has experienced a dramatic decline, extending its recent losses to trade at $80.49 per ounce. The precious metal has fallen over 30%, marking a significant downturn in silver prices.

Current Market Performance

The latest trading data shows spot silver continuing its downward trajectory, with the metal now priced at $80.49 per ounce. This represents a substantial decline of over 30% from previous levels, indicating intense selling pressure in the precious metals market.

Metric: Current Level
Spot Silver Price: $80.49/oz
Decline: Over 30%
Market Direction: Extending declines

Market Dynamics

The extended decline in spot silver reflects the challenging conditions currently facing precious metals. The over 30% drop demonstrates the significant volatility that has characterized silver trading, with the metal unable to find support at current price levels.

The continued weakness in silver prices highlights the broader pressures affecting the precious metals sector, as investors navigate uncertain market conditions and shifting commodity dynamics.

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