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Silver crashes over Rs 1 lakh to log worst-ever fall on MCX. 3 factors behind the decline
Silver experienced a dramatic 27% plunge on MCX, falling from a record high of Rs 4 lakh to Rs 2.91 lakh per kg. This sharp reversal followed a strong rally, with a stronger US dollar, gold's decline, and profit booking cited as key factors. Despite the correction, silver's industrial demand and supply deficits suggest potential for future gains.
Sources: Economic Times - Markets (English), Hindu, NDTV +13 more
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