New Delhi, Feb. 1 -- Silver rate today extended losses, to hit 6% lower circuit on Sunday, February 1 as investors rushed to book profits amid a global selloff triggered by a stronger US dollar. Sentiment was further impacted after reports that CME Group is raising margins on Comex gold and silver futures. Investors also remained cautious ahead of the Union Budget 2026.

On MCX, silver price today fell 6% to lower circuit of Rs.2,74,410 per kg while MCX Gold rate also hit its lower circuit of 6% to Rs.1,40,674 per 10 grams.

On Friday, January 30, Silver prices collapsed 19% to Rs.3.12 lakh per kg, while gold plunged 2% to Rs.1.65 lakh per 10 grams. This fall came just after silver had touched a record of Rs.4,04,500 per kg on Thursday be...