New Delhi, Jan. 16 -- Silver prices on the Multi Commodity Exchange of India (MCX) declined on Friday, tracking weakness in global markets as investors booked profits and concerns over US tariffs eased.

MCX silver prices traded lower by Rs.1,139, or 0.39%, at Rs.2,90,438 per kg, after touching a record high of Rs.2,92,960 on Thursday. In the international market, spot silver price slipped 1.8% to $90.70 an ounce, though it remained on course for a weekly gain of over 13% after hitting an all-time high of $93.57 in the previous session.

The pullback in silver prices came after the US refrained from imposing import tariffs on critical minerals. While President Donald Trump stopped short of announcing duties, he did not rule out levies in ...