New Delhi, Jan. 30 -- Silver prices came under heavy selling pressure in Friday's trading session, January 30, impacted by a firm US dollar and profit-taking by investors after a sustained rally that pushed the white metal to multiple record highs, making it the top-performing asset in early 2026.

In the international market, spot silver prices plunged 7.4% to the day's low of $107 per ounce. In the domestic market, the March delivery contract on MCX also saw a sharp reversal, falling Rs.34,192 (8.55%) per kilogram to Rs.3,65,701.

If the sell-off sustains, it will end the five-day rally on MCX. To be precise, silver prices had already seen a sharp correction during the late trading hours of Thursday, when prices dropped Rs.20,155 from t...