New Delhi, Jan. 30 -- Silver and gold prices declined sharply in the futures trade on Friday as traders booked profits at elevated levels after a record-breaking rally, tracking a bearish sentiment in global markets and a rebound in the US dollar.
On the Multi Commodity Exchange (MCX), silver futures for March delivery plunged Rs 12,169, or 3.04 per cent, to Rs 3,87,724 per kilogram in a business turnover of 8,710 lots.
The white metal had surged about 9 per cent to hit a record of Rs 4,20,048 per kg on Thursday, before settling at Rs 3,99,893 per kg.
Similarly, gold futures for February contract dropped Rs 2,162, or 1.28 per cent, to Rs 1,67,241 per 10 grams in 3,965 lots. In the previous session, the yellow metal had soared nearly 9 pe...