New Delhi, Feb. 2 -- Silver rate today on MCX extended losses on Monday, February 2, following a steep correction over the previous two sessions. The white metal has now fallen more than 39% from its record high of Rs.4,20,000, hit on Thursday (January 30).

MCX silver price fell 4% to day's low of Rs.255652.00

However, a recovery was visible in global markets, where spot silver jumped over 8% to $84.140 after briefly tumbling nearly 12% in early trade.

Gold prices also declined on MCX in Monday's session, furthering losses after witnessing their sharpest single-day fall in more than a decade.

MCX gold price lost 1.5% to day's low of Rs.1,40,000. However, In international markets, spot gold recovered as much as 1% after dropping 4% dur...