Silver, Gold Extend Losses For 2nd Day On Profit Booking, Easing Global Tensions

Precious metal prices declined sharply in the national capital on Friday, with silver dropping nearly 5 per cent to Rs 2.55 lakh per kg, while gold slipped to Rs 1.57 lakh per 10 grams as investors kept booking profits for the second straight day.

- Press Trust Of India

According to the All India Sarafa Association, the white metal plunged Rs 13,000, or 4.85 per cent, to Rs 2,55,000 per kilogram (inclusive of all taxes) from Thursday's closing level of Rs 2,68,000 per kg.

Similarly, gold of 99.9 per cent purity fell Rs 3,400, or 2.12 per cent, to Rs 1,57,200 per 10 grams (inclusive of all taxes), compared with the previous close of Rs 1,60,600 per 10 grams.