New Delhi, Feb. 6 -- Silver rate today declined another 6% on Friday, February 6, extending losses for the second straight session after brief rebound earlier in the week was wiped out by a global selloff in technology stocks and a stronger U.S. dollar. The pressure kept the white metal on course for a second straight weekly decline, as risk sentiment deteriorated across global markets.
On the MCX, silver prices fell as much as 6% to its day's low of Rs.2,29,187 per kg during the session as global cues weighed on sentiment. Meanwhile MCX Gold shed around 2% to Rs.1,49,396 per 10 grams.
In international markets, spot silver was largely steady at $71.32 per ounce, after plunging 19.1% in the previous session. Earlier in the day, prices ha...
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