Silver prices slump on MCX, falling over Rs 1,600 in single session
28 Aug 2026Updated 15 days ago1 source
Silver prices on the Multi Commodity Exchange (MCX) witnessed a sharp decline, falling by over Rs 1,600. According to the report, the metal fell to an intraday low of Rs 2,39,049 per kg, marking a total slump of about Rs 7,500 since its closing level on August 21.
NIKAN Intelligence
What happened
Silver prices on the MCX fell by over Rs 1,600 in a single session. The commodity slipped to an intraday low of Rs 2,39,049 per kg, representing a decline of about Rs 7,500 over five sessions.
Why it matters
Precious metal prices directly impact retail consumers, jewelers, and investors in India, as silver is highly sought after for both industrial and cultural purposes.
What we know
- Silver prices on the MCX declined by more than Rs 1,600.
- The price dropped to an intraday low of Rs 2,39,049 per kg.
- Prices have slumped by around Rs 7,500 since the closing level on August 21.
What we don't know
- The exact global macroeconomic triggers causing this sudden five-session decline.
- How retail physical silver prices in local markets like Chennai will adjust in response.
What's next
Investors and market participants will monitor the next trading session on the MCX to see if prices stabilize or continue to drop.
Generated by NIKAN's analysis engine from the cited reports only. Nothing here is invented; gaps are shown as unknowns. Always read the original coverage linked below.
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