The decline in MCX Silver followed a slump in global prices, as US spot silver fell nearly 6% to trade at $50.96 an ounce, as of 1:09 p.m. (local time) in New York. (Photo source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Silver futures on India's Multi Commodity Exchange managed to settle with modest gains on Friday, after plunging around 10% from day's highs.

The devil's metal had surged to a record Rs 1,70,415 per kg earlier in the session on MCX, but slipped sharply towards the end to hit an intraday low of Rs 1,53,700.

In the final hour of trade, however, it rebounded slightly to close at Rs 1,57,300, still up 0.44% from the preceding day's close.

The decline in MCX silver followed a slump in global prices, as US spot silver fell nearly 6% to trad

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