India, Jan. 7 -- Silver prices witnessed a sharp pullback on Wednesday after touching a record high in futures trade, as traders resorted to profit booking following a steep rally amid caution ahead of key US economic data.
On the Multi Commodity Exchange of India (MCX), silver futures for March delivery snapped a four-day winning streak, falling Rs 4,161, or 1.61 per cent, to settle at Rs 2,54,650 per kilogram. Earlier in the morning session, prices had risen Rs 881, or 0.34 per cent, to hit an all-time high of Rs 2,59,692 per kg.
The precious metal had surged sharply in the previous session, jumping Rs 13,167, or 5.35 per cent, on Tuesday to scale a new peak of Rs 2,59,322 per kg before settling at Rs 2,58,811 per kg. On Monday, silver ...